Question
1. Hi! I need help finding a news article about a goods/service that's happened within this past week. I have to determine whether or not
1. Hi! I need help finding a news article about a goods/service that's happened within this past week. I have to determine whether or not it was affected by supply or demand.
2. And then I need help drawing a basic market graph about that specific goods/service from the article. Having to label the axes, curves, equilibrium price "Pe," and equilibrium quantity "Qe."
3. After that add a new curve on that same graph that reflects the shift in either supply or demand and to label it 'D1' or 'S1' according to it. Then labeling the new equilibrium price P1 and the new equilibrium quantity Q1. And please help with adding arrows to show the direction/change in the curve/price/quantity, it'd really help!
4. After all of the graphing etc can you then explain in at least a paragraph how the graph shows the new event and to talk about what changed and why it did and how all of it led to the market outcomes for equilibrium price and quantity.
Thank you! Also please include the link of the article you used if you can :)
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