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Hi there, please write in clear, eligible print and follow all instructions given and write down literally everything to get the solution thank you. This

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Hi there, please write in clear, eligible print and follow all instructions given and write down literally everything to get the solution thank you. This is for first year university microeconomics 1000

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Part A (10 points). In august, Canadians can buy corn on the cob for $3.5 per package. In the winter, corn packages sell for $11 per package. a. Explain (with words + graph) the seasonal increase in corn prices. b. Why does the govt not attempt to protect consumers against such price increases by placing maximum legal price on corn? Show the effect that a legal limit on prices in the winter would have on this market. What potential problems this could create? Explain with words + graph (use and show on the same graph you drew in part a)). Part B: (5 points) Consider the following businesses: e-business, who produce and sell electronic products such as software and games; factory, producing a commodity good like wheat. If demand rose in each of the above markets, which would be more likely to increase more sharply: the price of software and games or the price of wheat? Why? Explain thoroughly (with words only, no graph needed)

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