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Question 1: Draw and label a graph that depicts a demand curve and a supply curve in the market for frozen wafes. Identify the equilibrium
Question 1: Draw and label a graph that depicts a demand curve and a supply curve in the market for frozen wafes. Identify the equilibrium point in the graph. The article states: \"...aluminum and other raw materials used for packaging are running short...\" Assume that \"raw materials used for packaging" are used in the production of frozen wafes. Explain how the reduction in the number of raw materials used for packaging would affect your graph and how this would change the equilibrium price and quantity of frozen wafes. Show this change in the equilibrium price and quanity on your supply and diagram. You can
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