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1. In this problem be sure to draw and label the original supply and demand curves and any changes that occur. Be sure to add

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1. In this problem be sure to draw and label the original supply and demand curves and any changes that occur. Be sure to add arrows or otherwise mark you graphs so that I can tell which are the originals and which are the changes. Imagine bad weather severely limits the catch of South Carolina shrimp but has no effect on other fish caught in South Carolina waters. a. What will happen in the SC shrimp market? b. What will happen in the market for shrimp imported from other areas? c. What will happen in the market for shrimp cocktail sauce? d. Imagine that voters complain to the government about the high prices for shrimp. So, the government places a price ceiling on shrimp equal to last season's price. What will happen in the market for SC shrimp? a. Title b. Title d. Title C. Title

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