Describing the change in equilibrium quantity

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Reference no: EM133442299

Assignment Instructions

Find two (or more) news articles from the Internet that illustrate a shift in supply and/or demand. Each article needs to illustrate one specific graph (A, B, C, or D) from the "supply and demand" documents. Each article must be recent (within the last six months), and MUST NOT be from an encyclopedia or reference website that discusses demand and supply. Each article MUST NOT directly imply which graph to apply. The best articles are about changes in the price and/or sales of a particular product. You then have the opportunity to demonstrate your understanding of supply and demand shifts as you explain the changes in price and quantity experienced by the product you choose. Summarize the article. Do not quote the article, but explain it as if you were telling someone about it. If you do use direct quotes or paraphrases, remember that citations and references are required. Explain which graph in our collection - A, B, C, or D - may apply in each article by referring to specific determinants of demand or supply and the corresponding or implied change in price and/or quantity (sales) illustrates the shift that you identify by describing the change in equilibrium quantity. Some articles may describe a situation where both curves shift. This is not common but it is possible. Use paragraphs and remain focused on what is in the articles. Provide a full URL link to the articles along with an reference to the articles at the bottom of your submission.

Reference no: EM133442299

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