Choose any one situation, product (good or service) or resource, or industry (market). Briefly describe what was/is observed in the market for this good, service, or resource in recent history (within the last 3 years). Apply on AI industry.

You should try to identify the determinant of demand or supply that changed, and if this was a rightward or a leftward shift in the demand or supply curve, or whether it was a shift or a movement along a demand or supply curve. Explain how in your described market situation, the shift in the demand and/or the supply may have impacted the price and quantity. How about government regulations and actions? How have these impacted the market for various products (goods and services) and the price and quantity (availability)?