The U.S. Department of Agriculture (USDA) is in the process of issuing $1.8 billion in payments to agricultural producers for the 2020 crop year. Payments for a given crop year are paid out in the Fall to allow actual county yields and the Market Year Average prices to be finalized. This month, USDA processed paymentsto producers forcovered commodities triggered for the current crop year.

1A. Construct a market for US produced covered agricultural commodities. Label initial curves and price and quantity with subscript 1.

1B. Return to the market in 1A and make changes to the market consistent with the action of the USDA. Label new curves and price and quantity with subscript 2.

All told, despite more shoppers for new cars, automakers worldwide produced and sold about 8 million fewer vehicles than planned last year because of product shortages. shortages of crucial semiconductor chips, and shutdowns at major assembly plants. Even if production rebounds, dealers won't be able to build back inventories until well into 2022, J.D. Power analyst Tyson Jominy said. As a result, buyers should expect limited choices while prices will continue to rise at a record rate.

1C. Construct a market for automobiles produced worldwide. Label initial curves and price and quantity with subscript 1 denoting the market at the beginning of 2021.

1D. Return to the market in 1C and make changes to the market in 2021 consistent with information in the article. Label new curves and price and quantity with subscript 2.