Choose a current event that addresses one of the following economic concepts. Use graphical analysis to analyze the issues presented in the current event (possible graphs supply and demand, marginal utility, elasticity, price controls or any other graphical analyses discussed in Seminar 2)

a. Consumer Behavior

b. Market failure (economic inefficiencies)

c. Price controls (minimum wage, farm subsidies, and black markets)

d. Price Elasticity of Demand, Income Elasticity, Cross-price Elasticity, Price Elasticity of Supply of a particular product or service