1 Using shifts in supply and demand curves, describe a change in the industry in which your firm operates. The change may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the Macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it. (Hint and warning: Demand and supply curves are used at the industry level, not at the firm level.) Describe how your company could profitably use the analysis.

2.Snack food vendors and beer distributors earn some monopoly profits intheir local markets but see them slowly erode from various newsubstitutes. When California voted on legalizing marijuana, which sidewould you think that California beer distributors were on? What aboutsnack food venders? Why?

Theassignment is to answer the question provided above in essay form. Thisis to be in narrative form. Bullet points should not to be used. Thepaper should be at least 2 pages (1 page per question) in length, Times New Roman 12-ptfont, double-spaced, 1 inch margins and utilizing at least one outsidescholarly or professional source related to organizational behavior.This does not mean blogs or websites. This source should be a publishedarticle in a scholarly journal. This source should provide substance andnot just be mentioned briefly to fulfill this criteria. The textbookshould also be utilized. Do not use quotes. Do not insert excess linespacing. APA formatting and citation should be used.