hi,

I am quite struggling to draw my graphs for business economics MOD003277.

Do I have to put all the graphs together?

What do they mean by supply and demand principles applied to the UK?

Many thanks,

ASSESSMENT TOPIC: UK food supply challenges in 2020 "The effect of consumers stockpiling certain goods and the slow reaction of retailers to ration them exposed the limitations of cost-efficient and streamlined supply chains to be agile and adapt to unforeseen shocks. This suggests that changes may be needed to make the supply chain more resilient. Specific problems arose from the closure of parts of the catering sector and the lack of agility in redistributing supplies from this sector to retail outlets or the food donation/charity sector. This was due to challenges in packaging availability, logistics and labelling requirements, leading to an increase in food loss. Agricultural food producers and the wider supply chain may have incurred significant losses from the impacts of COVID-19. Food processing facilities have been responsible for a number of localised COVID-19 outbreaks. The immediate effects of COVID-19 on the food supply system are the current policy concern, but the longer-term food system issues highlighted as a result of the pandemic will have to be addressed by considering how to build resilience to possible future shocks." Wentworth, 2020 (UK Parliament Post: https://post.parliament.uk/effects-of-covid- 19-on-the-food-supply-system/) Task 1: Using economics theories from Krugman & Wells (2017), explain supply and demand principles applied to the UK food supply in 2020. Support your explanation of the economic concepts by providing basic supply and demand graphs, with analysis applied to the UK food supply. Include relevant examples and references from the UK food supply market and UK news in 2020 to support your explanations. Task 2: Discuss the economic principle of market failure and government intervention in the supply and demand of food-related goods in the UK economy in 2020, providing examples of UK government interventions. Explain whether you believe that the UK government interventions did or did not effectively address food supply market failures in 2020. Include relevant examples and references from the UK food supply market, UK news, and UK government publications to support your explanations. Task 1: 50/100 marks (1,000+ words) Use supply and demand economic theory and graphs to support your detailed explanations of each of the following concepts. All supply and demand graphs must show both supply and demand curves