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3. [4 points] read the following article. https://www.bloomberg.com/news/articles/2020-05-14/turmoil-in-canada-s-food-supply-chain-points-to-summer-shortages?sref=5A9bWqiY a.Identify the impact from higher labour cost (or shortages) in a demand supply graph. b.Identify the shortage.

3.[4 points]read the following article.

https://www.bloomberg.com/news/articles/2020-05-14/turmoil-in-canada-s-food-supply-chain-points-to-summer-shortages?sref=5A9bWqiY

a.Identify the impact from higher labour cost (or shortages) in a demand supply graph.

b.Identify the shortage.

c.Proposed a policy which could help food prices. Equally talk of the impacts which your policy will have, which may not be very positive.

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