For this, you first need to identify a recent news article (published within a month of your submitting your answer) that describes an event that you believe will affect several different markets. Your task then is to short essay describing the relevant supply and demand effects for each of the markets that you have identified. Moreover, for each of these markets you must also include a formal supply and demand diagram that shows the relevant shifts of supply and/or demand for each of the markets in question along with clear identification of the expected changes in prices and quantities in each of the markets in question.

This assignment is intended to allow you to demonstrate your mastery of supply and demand analysis. For this you need to demonstrate (1) that you were able to identify a suitable event that will affect supply and demand in multiple markets, and (2) that you are able to report which demonstrates your mastery of basic supply and demand analysis.