Activity 1 – CLO 2
Please Analyze and explain the theory of Demand and Supply (Chapter 2) and create the graph for demonstrating the following scenario and answer the questions:
G.R. Dry Foods Distributors specializes in the wholesale distribution of dry goods, such as rice and dry beans. The firm’s manager is concerned about an article he read in this morning’s Wall Street Journal indicating that the incomes of individuals in the lowest income bracket are expected to increase by 10 percent over the next year. While the manager is pleased to see this group of individuals doing well, he is concerned about the impact this will have on G.R. Dry Foods.
– Please explain what will happen to the price of the products G.R. Dry Foods sells?
– Why?

Note:
1. Need to write the assignment in APA 7th edition format.
2. Provide your explanations and definitions in detail and be precise.
3. Comment on your findings.
4. Provide references for content when necessary.
5. Provide your work in detail and explain in your own words.
6. Support your statements with peer-reviewed in-text citation(s) and reference(s).
7. Need to include the information from the textbook as the reference.
8. Need to include at least 2 peer-reviewed articles as the reference.
9. Need to provide examples whenever applicable.
10. Please find the related power point and textbook in the attachment.
11. Please find the Course Learning Outcome list of this course in the attachment
Textbook Information:
Ross, S. A., Westerfield, R. W., & Jordan, R. D. (2018). Fundamentals of corporate finance (12th ed.). McGraw-Hill
ISBN: 9781259918957