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Read the article from the New York Times "Retailers Latest Headaches: Shutdowns at Their Vietnamese Suppliers".
Article Link --> https://www.nytimes.com/2021/09/29/business/supply-chain-vietnam.html
a. For the sake of simplicity, let's consider the market for jeans. Based on the information in the article, draw a supply and demand graph that illustrates what is happening in the market for jeans. Make sure to label your graphs and briefly explain any shifting of curves and/or changes in prices and quantities.
b. What will happen to the total revenue of Vietnamese clothing manufacturers? What will happen to the revenue of companies like Everlane and Urban Outfitters? How do supply elasticities for jeans and demand elasticities for jeans influence your answer? Explain. (You may assume that supply and demand are linear)
c. Based on your analysis, compare the impacts of this supply-chain issue on the following: consumers, Vietnamese garment workers, and Urban Outfitters. Who is impacted the most? (Think analytically about prices, quantities, and take into account any mitigating responses by the affected groups.)
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