There has been explosive growth in the demand for the green leafy vegetable kale in recent years as consumers learned of its health benefits. The demand curve has shifted significantly rightward.​ However, the price of a bunch of kale in the grocery store has been fairly stable. Draw a supply and demand diagram showing the market for​ kale, and show how the price of kale could remain stable in the face of such an enormous growth in demand. ​1.) please plot the new supply and demand curves on a diagram and label the lines properly.   ​2.) please also indicate the new equilibrium point at the same price as the original equilibrium and label it.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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There has been explosive growth in the demand for the green leafy vegetable kale in recent years as consumers learned of its health benefits. The demand curve has shifted significantly rightward.​ However, the price of a bunch of kale in the grocery store has been fairly stable. Draw a supply and demand diagram showing the market for​ kale, and show how the price of kale could remain stable in the face of such an enormous growth in demand.

​1.) please plot the new supply and demand curves on a diagram and label the lines properly.
 
​2.) please also indicate the new equilibrium point at the same price as the original equilibrium and label it.
Price ($)
Market for Kale
Eo
Quantity
So
Do
Transcribed Image Text:Price ($) Market for Kale Eo Quantity So Do
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