Question 5, 6 econ graph sketch

5. In early 2022 a major baby formula plant in the US unexpectedly shut down due to bacterial problems. Sketch the effect on the supply curve for baby formula in the US. Assume three firms supplied baby formula to the US market and the other two are still operational. 6. Below is an excerpt from a recent article U.S. cafes roosters weigh price increases, cite shipping ination. Discuss and use a graph to illustrate the effects of the cost increases. "Coffee processors in the United States, the world's largest consumer of the beverage, are reporting signicant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon. Midsized and smaller roasters, particularly specialty coffee companies, have been hit hardest, company executives said, but even larger companies such as Peet's and IM Smucker Co say they are coping with higher costs. Other U.S. business sectors also face shipping ination. Market intelligence provider 5&1} Global Platts reported that freight may have added nearly $10 billion to corporate costs on U.S. inbound routes in the fourth quarter of 2020, a bill that could grow. Last week, transportation hacklogs helped push coffee prices to their highest in more than a year. \"We're currently signing contracts for delivery in the summer and fall, and those prices have gone up quite a bit, about 15% increases on everything,\" said Oliver Stormshak, chief executive at Olympia Coffee Roasting, based in Olympia, Washington. \"I'm trying to decide right now whether we eat the costs or restructure our pricing and raise it\