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Select a market that is of interest. Use what you know about this industry and knowledge from the course BUS 400 to answer the questions below. Markets that might be of interest (or select your own market of interest):Only Select One

-Housing market (or housing rental market) in Toronto/Ontario/Canada or any other location

-Market for mobile phone service

-Market for tablets (i.e. iPad, Samsung Galaxy Tab, etc.)

-Market for groceries

-Market for community college business programs

For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support your conclusions.

• Introduce your industry and tell why you are choosing it?

-Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves.

-Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves.

-Identify and explain one government intervention relating to this market. Explain the government's economic objective and illustrate the impact on the market using supply and demand curves.

Note: Please draw 2 graphs for demand-one graph for each factor, and 2 graphs for supply one graph for each factor, show new equilibrium after the effect of factor. Please choose one factor showing for increase and one for decrease in demand and supply each case. At least one graph showing the effect of government intervention.