For example, there are many concepts from class that can be linked to the USA Today article Vanilla Shortage Threatens the Price of Desserts.” The poor harvest mentioned in the article can be interpreted as a decrease in supply. From our discussions of supply and demand, you know that a decrease in supply in the vanilla market leads to an increase in the equilibrium price of vanilla. (Links to an external site.) Furthermore, vanilla is an input, or ingredient, for ice cream and many desserts. If the price of an input rises, supply decreases in the ice cream markets and ice cream prices rise. Use 12 point Times New Roman, double spaced.