Market in supply-anddemand terms

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The crop of hops in the Yakima Valley has been greatly affected by the invasive plant species. As a result, craft breweries in the Northwest turn to hops from Germany to make up the short-fall. How would you illustrate this change in the Washington hops market in supply-anddemand terms? Clearly label your graph, the shifts and/or movements, initial and ending equilibrium price and quantity.

Reference no: EM131236613

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