Applying Supply and Demand:Real-World Examples

Find news articles (no blogs, Wikipedia, opinion articles, journal articles, academic references, a "news" article) thatimplicitlydescribe a change in supply, demand or both in areal worldmarket.The learning objective is to understand how supply and demand impacts markets and prices.

• Supply and Demand Graphs.pptxSupply and Demand Graphs.pptx - Alternative Formats
• SupplyAndDemandGraphs2.docSupplyAndDemandGraphs2.doc - Alternative Formats

• Find two different news articles from the Internet that illustrate a shift in supply and/or demand. The articles need toimplicitly (not directly)illustrate at least two of the four graphs (A, B, C, D). They must be recent (within the last six months), andMUST NOT be from an encyclopedia or reference website that discusses demand and supply.
• DO NOT use blogs.
• The best articles are about changes in the price and/or sales of a particular product. You thenhave the opportunity todemonstrate your understanding of supply and demand shifts as you explain the changes in price and quantity experienced by the product you choose.
• Summarize the article. (Do not quote thearticle, butexplain it as if you were telling someone about it. If you do use direct quotes or paraphrases, remember thatcitations and referencesare required.)If you use more than one article, then citations are required.
• Explain which graph in our collection - A, B, C, or D - illustrates the shift that you identify by describing the change in equilibrium quantity.Remember to illustrate the shifts shown in at least two of the four graphs.
• Some articles may describe a situation where both curves shift.This is notcommonbut it is possible.
• Provide a full URLlink to the article

. Do not choose an article discussing Macroeconomic topics: Inflation, unemployment, trade deficit, government budget deficit, economic growth, price indexes, etc.

• Word count 750