Problem
Assume that the market price for beach towels increases considerably due to a worldwide shortage in the fabrics needed to produce them. Furthermore, suppose that some of these same fabrics are used in the production of bathing suits as well. Create a graphical depiction of the market for bathing suits (which are thought to be a complementary good to beach towels), making sure to indicate how the market will be impacted by the discussed changes. Make a conclusion about how the market price and equilibrium quantity of bathing suits will be affected.