Question
Attached are 2 articles: 'Germantown NYAn upstate Haven that Beckons Creatives from the New York Times and 'Saudi Arabia and Russia Win Big in Gamble
Attached are 2 articles: 'Germantown NYAn upstate Haven that Beckons Creatives" from the New York Times and 'Saudi Arabia and Russia Win Big in Gamble on Oil Cuts" from the Wall Street Journal. The assignment involves the following: read the attached articles and using supply and demand analysis describe what has happened in each market to reach the result the market discusses. Remember the 4 steps Start the graph in equilibrium. Identify the initial price and quantity combination. Determine what is causing disequilibrium. That is what is causing the market to change. Shift the supply and or demand curves based on what you think is happening in the market. Show the new market equilibrium and show how equilibrium Price and Quantity have changed. As part of the exercise also include some bullet points that describe your logic.
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