Draw a market (i.e., supply and demand) diagram for tea. Ma…
Draw a market (i.e., supply and demand) diagram for tea. Make sure you label all axes and lines. Label the equilibrium as point A. In the same diagram, illustrate how a pest that destroys tea plantations will affect the market supply, demand or both. Illustrate how the equilibrium price and quantity will change. Label the new equilibrium as point B. Submit your answer by clicking on the tab above that uploads a document or photo. This NEEDS to be HAND DRAWN. Computer drawn answers unless previously cleared with me, will get 1/3 credit.