Question
2. Find a current affairs news article on the web ( last 3 months ) that has some connection to a recent price change. For
2. Find a current affairs news article on the web (last 3 months) that has some connection to a recent price change. For example, you may wish to use supply and demand analysis to explain why gas prices have changed recently, why rental prices have risen in the past year, or why residential property prices have fallen.
3. Address the following questions/discussion points:
a. What, in the article, provides evidence of a connection to the demand and supply model? Be specific! Did demand change or did "quantity demanded" change? Why did the curve(s) and how does this affect market price and quantity traded? Refer to the theory in your textbook.
b. How does the model provide you with some clarity on understanding the article OR how does the article provide you with clarity on understanding the model.
c. How, in the limited amount of economics we have covered thus far, has your perspective on how the economy works changed?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started