Question
https://www.pbs.org/newshour/nation/mexican-drug-cartels-caused-rapid-increase-lime-prices-putting-squeeze-bars-cinco-de-mayo-rp Please read the article above and discuss the following: 1. What is the situation and is this primarily a supply or demand issue? Hint:
https://www.pbs.org/newshour/nation/mexican-drug-cartels-caused-rapid-increase-lime-prices-putting-squeeze-bars-cinco-de-mayo-rp
Please read the article above and discuss the following:
1. What is the situation and is this primarily a supply or demand issue? Hint: it is more supply.
2. Discuss the supply and demand curve and how it has shifted as a result of the information in the article.
3. Discuss the shift in equilibrium price regarding the supply and demand curves.
4. Discuss what will happen (or has happened since this article is a few years old) once supply is restored.
5. Although not required, you are welcome to include supply/demand curves to support your explanation.
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