1. Ascreenshot(or scan) of your current event article title and date published, with an image or the first paragraphs. If the source is not included in the screenshot, type the name of the source under the screenshot. See examplehere.

1. ChatGPT output with highlights.
   • Generate ChatGPT content. You can use this link:https://chat.openai.com/chat to create an account and use ChatGPT.
   • Copy and Paste the ChatGPT text output to your Google Doc. below the screenshot.
   • Do not highlight output stated as facts about the current event, a particular good or company, or history that you might normally get from Wikipedia or some other encyclopedia-type source
   • Highlight economic statements you agree with inlight blue.
   • Highlight statements that are incorrect, misleading, vague or open to interpretation inpale yellow. Also, highlight economic terms that are incorrectly used in pale yellow.
   • Briefly explain all text highlighted in pale yellow inred.
   • You need to have at least one yellow highlight and explanation on your ChatGPT generated text.
   • See examplehere.

1. AnEssaywith the following requirements -
   • Summarize the article - this should be a paragraph or two telling the reader what happened in the new article.
   • Discuss the microeconomics associated with the article using economic terminology - discuss economic concepts that apply to your article. It is great to flip through your notes and find several concepts that might apply.
   • Createtwooriginal graphs of the microeconomics discussed (no bar graphs, no macro).
     1. The two graphs must model different markets or completely different scenarios in the same market.
     2. Do NOT draw the market before and after a shock. For example, if demand increases, your first graphcannot be the market in equilibrium before the shift.
     3. If there are two shifts in the same market described in the article, they should be on the same graph.
     4. One of the graphs can be connected but not included or explained in the news article.
   • Predict what comes next according to economic theorywith an economic explanation.
     1. The prediction should say something like this...Based on my analysis, I think _____ will happen because economic theory tells us ______.
     2. The first blank should say what you think will happen to prices and/or market quantity traded.
     3. Explain the economics behind your prediction in the second blank. Make sure your prediction is explained by economic theory in your essay.

3.Citation Listof sources used. Use APA format. Cite both your article and ChatGPT, plus any other references you used. You do not have to cite your textbook unless you incorporate original ideas not found in other textbooks. For example, the standard supply and demand model description is not original content; however, Stevenson and Wolfers' "Four Core Principles" is original.

Articles must be published this semester.Your article should report the facts surrounding a current event. Use onlynews sources from reliable sources*such as AP, Reuters, Weather.com, ABC News, The Advocate, Bloomberg, National Public Radio, Wall Street Journal, Financial Times, LA Times, PBS, Al Jazeera, CBS, Fortune, and The Economist.

Rain hits as strawberries peak, wine grapes are flowering, hurting both crops May 25, 3815 14 4 dral May 12, 2021 Source: LocalPaper Inc. CHAPT GPT Q: How does rain affect the market price of strawberries? Rain can potentially affect the market price of strawberries in several ways, but the exact impact will depend on various factors such as the location and timing of the rain, the quality and quantity of the strawberries, and the demand for them. Here are some ways that rain could potentially affect the market price of strawberries: 1. Quantity of strawberries: Heavy rain or prolonged wet weather can damage the strawberry crops, resulting in lower yields and reduced quality of the strawberries. This could lead to a reduction in supply and a potential increase in market price. 2. Quality of strawberries: Rain can cause strawberries to absorb excess moisture, which can cause them to become waterlogged, soft, and prone to rotting. This could result in lower-quality strawberries that are less attractive to consumers, potentially leading to a decrease in demand and a reduction in price. 3. Timing of rain: If rain occurs during peak strawberry season, it can cause delays in harvesting and transportation, resulting in a backlog of strawberries and a potential oversupply in the market. This could lead to a decrease in price. "Oversupply" means "surplus" in our model. In this case, supply increased during one period and at the current market price Qs>Qd, The price will fall to a new equilibrium. 4. Location of rain: If rain only affects certain regions where strawberries are grown, it can lead to a localized shortage and a potential increase in market price for those areas. Conversely, ifrain affects multiple regions or countries that supply strawberries, it can lead to an oversupply and a potential decrease in price. Overall, the impact of rain on the market price of strawberries can be complex and depends on various factors. However, in general, rain that negatively affects the quality or quantity of strawberries is more likely to lead to a higher market price, while rain that negatively affects the timing or distribution of strawberries is more likely to lead to a lower market price. ESSAY Rain and the Strawberry Market By Allison Lowe Reed This is the essay you will write using the current event, chatGPT output, and the economic knowledge you're gained this semester. The essay will have a paragraph or two explaining the current event. The most important part of the essay is your economic explanation of the current event and your graphs. Make sure your draw graphs similar to those we have drawn in class! The prediction should use economic theory. Refer to the instruction document for more complete instructions and writing hints. CITATIONS Cite your news article. Cite ChatGPT. Cite anything else you used for original content. Use APA style