Assume the demand curve slopes downward and the supply curve slopes upward. Pick a product or service for which you have seen information provided in the last 2 years and answer the following questions:

1. Report information about an actual change in the market price and market quantity of that product or service.
2. Describe what would be the dominant shift: supply rise, supply fall, demand rise, demand fall and explain why.
3. Provide information about the cause of the dominant shift.