zoom + Econ201s Writing Assignment 1 Objective: Apply disciplinary concepts to professional, personal, and/or civic contexts Due by Sunday 09/21/2022 at 11:59 pm Reading Material: Read the attached articles by clicking link below. Drought and the Price of Rice in Italy https:lleconeveryday.com/drought-and-the-price-of-rice-in-italy/ Write an essay to address the following questions in detail, using your own words. Copying and pasting form the article or PowerPoint presentation will result in a grade of zero. You may use the information in the article, but you will need to rephrase it and write it using your own words. 1. Use a supply and demand graph to illustrate how the drought affects the equilibrium price and quantity of arborio rice. 2. How will the increase in the price of olive oil affect the market for dinners in Italian restaurants? How will it affect the market for other cooking oils? 3. To the extent that drought conditions are caused by climate change, what policy tools can be used to mitigate the damage? What are some hurdles in implementing these tools? The essay should be a maximum of two type-written, single-spaced pages (excluding references, if any), using one-inch margins, size 12 standard fonts, footnotes rather than endnotes, and Chicago Manual of Style references (author-date system, if any). Save your answers in Word Microsoft format under your name. Uploaded it to Canvas. Writing Tips: 0 Start with a captivating introduction. Vour essay is a story. However, do not make the introduction lengthy. Readers want to get to the next point right away. The introduction should ask the main questions that your essay is trying to answer. 0 Your essay should be free of spelling and grammatical errors. In addition, it should be enjoyable to read. Write your essay as if your average reader has never taken any econ classes. Avoid long sentences and use simple words and more imoortantlv tell a storv. it should not iust be a summarv