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Find a news story about a change in the price of some good or service (other than gasoline). How could that price change be explained
Find a news story about a change in the price of some good or service (other than gasoline). How could that price change be explained by a change in supply and/or demand? Use what you know from class. i Be specific - which direction would supply/demand need to shift? ii. In this particular market, what might cause this kind of shift? Remember to use the things thatwe talked about in class that shift supply/demand curves. B. What does the article suggest caused the price change? C. Has this price change affected you, or anyone you know? Describe the reactions to this price change - have you bought less/more? Found substitutes? D. Is the article consistent with what you know about supply and demand? shows thorough understanding of the concept, response is complete and creative, writing and grammar
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