Question
.Find two articles in a recent newspaper or magazine illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning.
.Find two articles in a recent newspaper or magazine illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning. Has there been an increase or decrease in demand?
Factors that could shift the demand curve include changes in preferences, changes in income, changes in the price of substitutes or complements, and changes in the number of consumers in the market.
Has there been an increase or decrease in supply? Factors that could shift the supply curve include changes in costs of materials, wages, or other inputs, changes in technology, and changes in the number of firms in the market.
Draw the supply and demand graphs to explain these changes. Be sure to label your graphs and clearly indicate which curve(s) shifts. Turn in a copy of the articles along with your explanation
Help! I have found an article describing the demand of hydroxychloroquine during the COVID pandemic; it states there was a 17x increase from 1/20 to 4/20. I just don't know how to graph this. Can someone help me?
Here is what I have gathered from my article: The demand for autoimmune drugs, especially hydroxychloroquine, is rising since former President Donald Trump began touting it as a shield from coronavirus. The demand for hydroxychloroquine in April 2020 was about 17 times bigger than in January 2020. Known by the brand name Plaquenil, the antimalarial drug is commonly prescribed to treat lupus and rheumatoid arthritis. Autoimmunity, a condition in which the body's immune system reacts with components of its own cells, appears to be increasing in the United States, according to scientists at the National Institutes of Health and their collaborators.
Maybe this article isn't relevant to the assignment, how should I proceed?
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