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CASE TO BE TYPED; GRAPHS TO BE DONE ON THE COMPUTER OR BY HAND WITH A RULER! NO NUMBERS NEEDED-CONCEPT! Microeconomics: Case Study 1.
CASE TO BE TYPED; GRAPHS TO BE DONE ON THE COMPUTER OR BY HAND WITH A RULER! NO NUMBERS NEEDED-CONCEPT! Microeconomics: Case Study 1. Classification as One of the Four Basic Market Models II. A. Select a company from a current business periodical or where you work, and state which market model is represented by this company. Explain your reasoning using a narrative format. (USE CHART, WB PG. 245) B. State the basic industry problem and proceed to analyze using the following methodology where appropriate. Be sure to include the six (6) graphs, as indicated. Supply & Demand and the Price System Graphs A. What is the current demand situation - is the curve changing (use graphs)? Graph #1: Demand Curve and any Changes (CHOOSE ONE): 1. Curve shift and underlying causes 2. Movement along the curve and causes B. What is the current supply situation-is the curve changing (use graphs)? Graph #2: Supply Curve and any Changes (CHOOSE ONE): 1. Curve shift and underlying causes 2. Movement along the curve and causes C. Market Equilibrium (use graphs) Graph #3: Demand & Supply Curves with Changes 1. Surplus/shortage (where appropriate) 2. Price ceilings and price floors (where appropriate) D. Changes in Income & Results 1. Superior/normal or inferior goods
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