Question
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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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
