Using the materials on the lumber, champagne, vanilla, bacon or cereal industry found in the Week 2 Readings (attached), complete an analysis of the lumber, champagne, vanilla, bacon or cereal industry. Make sure your analysis utilizes graphs. Consider the elasticity of demand and supply and use the articles to identify supply and demand shifters. Can you use your graphs to correctly illustrate what is happening in the industry today? Is government intervening in the market in any way? Feel free to find other sources or articles to supplement the readings.
