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Explain why you think it represents an exogenous event

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Reference no: EM133611643

Assignment:

Find a (relatively) recent news article that relates to an exogenous change in supply and/or demand of iphone 15s. How does the event affect equilibrium price and quantity? Explain your reasoning by applying the 4 steps of analysis discussed in class. Include a graph to support your argumentation.

How best to proceed:

1. Post the link to the news article in the canvas text entry and explain first why you think it represents an exogenous event.

2. Proceed with the 4 step analysis. Don't forget to include a graph with proper axis labels. Explain shifts and/or movements.

Reference no: EM133611643

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