A cut in funding for processing the Supplemental NutritionalAssistance Program (SNAP) at farmer’s markets has sparked anoutrage across the country, especially in local communities.Analyze the effects of these cuts. In this week’s submission,analyze and explain the following:
- Shift in supply or demand curve.
- The direction of the shift.
- Effect of the shift on equilibrium price and quantity.
- Price elasticity of supply and demand.
