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Stage 2: (September 2022January 2023). Now just focus on fact F6time to adjust. Assume the weather is still warm, so T2 = T1 = T0.

Stage "2": (September 2022January 2023). Now just focus on fact F6time to adjust. Assume the weather is still warm, so T2 = T1 = T0. Everybody anticipated and so responded to the impending increase in prices during the Winter months of 2023. For example, households had time to insulate their homes. In your figure, illustrate the impact of these changes and how they influenced the equilibrium price and quantity, p2*, N2*. (Reuse your Figure if you want.)

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