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Applying Supply and Demand: Real-World Examples For this assignment, you need to find two different news articles that describe a change in supply or demand in a real-world market. The learning...

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Applying Supply and Demand: Real-World Examples




For this assignment, you need to find two different news articles that describe a change in supply or demand in a real-world market. The learning objective is understanding how supply and demand impact markets and prices.

Begin by downloading and studying:




  • Supply and Demand Graphs.pptx

    Supply and Demand Graphs.pptx - Alternative Formats




  • SupplyAndDemandGraphs2.doc

    SupplyAndDemandGraphs2.doc - Alternative Formats




  • researchProjectRubric.pdf

    researchProjectRubric.pdf - Alternative Formats





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. For example, a "surging demand" to refer to graph A, or a "supply limitations" to refer to graph D.

  • DO NOT use blogs, professional journals, or academic articles discussing supply and demand. DO NOT use websites whose business is to predict sales activities of some industries. Try not to search using key words like "supply" and "demand." Instead, find daily articles from google or yahoo business news (watch the video below). You may use other websites, of course.

  • 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.RECOMMENDATION: READ THE SAMPLE PROJECT: Under the Getting Started link.

  • Summarize the article. Do not quote the article, but explain it as if you were telling someone about it. If you use direct quotes or paraphrases, remember thatcitations and referencesare 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.

  • In your post, useparagraphsand remain focused on what is in the articles.



  • Provide a full URL
    link to the articles and an APA-formatted reference to the articles at the bottom of your submission.

  • Important: This is a Microeconomic course. Do not choose an article discussing Macroeconomic issues such as Inflation, unemployment, trade deficit, government budget deficit, etc.

Answered Same Day Dec 12, 2022

Solution

Komalavalli answered on Dec 12 2022
50 Votes
When a determinant of demand other than price changes, the demand curve shifts. This occurs when the demand for products and services fluctuates but the price remains constant. To comprehend this, we must first comprehend what the demand curve is. It keeps track of demand schedules. It's a table that shows how many units will be purchased at each price point. It is controlled by the law of demand, which holds that when prices rise, people purchase fewer units. If nothing else changes, an economic idea is said to be ceteris paribus. This means that, except from price, all demand components must stay constant.
The amount required of an item grows or decreases with the decrease or Price rises in accordance with the rule of demand. A shift in the demand curve is an exception in which the price remains constant but at least one of the other five demand determinants changes. Consumer preferences and trends Buyer's...
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