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Question: Based on a current event, that you have either learn from direct experience, read on the news, read from an Economics journal, or taken from a high-quality source, please do the following exercise. In a paragraph or two: Clearly identify the market you are analyzing. Describe a situation or event that is affecting that market and clearly identify how and why the demand side of the market is affected, or the supply side of the market is affected.? Or both? In which direction (to the right or to the left) will the demand curve shift? or the supply curve? At the end of your example: will prices and quantity in equilibrium be higher or lower?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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