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1. Draw and label a graph that depicts a downward- sloping demand curve and an upward-sloping supply curve in the market for Twix. Use the

1. Draw and label a graph that depicts a downward- sloping demand curve and an upward-sloping supply curve in the market for Twix. Use the graph to describe the relationship between the quantity demanded and the quantity supplied when there is a shortage in this market. You can take a picture of your awesome supply and demand diagram and upload it or use software programs to draw your supply and demand diagram. 2. Refer to your graph in question one. Assuming that there is no change in either demand or supply of Twix, explain how market forces would eliminate the shortage. If the shortage is eliminated would Twix be scarce? Briefly explain who or why not

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