Please help with the following practice homework. Show calculation or explain.

644-Q2

Historically, the production of many perishable foods, such as dairy products was highly seasonal. Thus, as the supply of those products fluctuated, prices tended to fluctuate tremendously-typically by 25 to 50 percent or more over the course of the year. One impact of mechanical refrigeration, which was commercialized on a large scale in the last decade of the nineteenth century, was that suppliers could store perishables from one season to the next. Economists have estimated that because of refrigerated storage, wholesale prices rose by roughly 10 percent during peak supply periods, while they fell by almost the same amount during the off-season. Use a demand and supply graph for each season to show how refrigeration affected the market for perishable food.