I am working on a current event project for my macroeconomics course. I am struggling with the graphing portion of this assignment. I have completed the written portion for this course, but I am not sure that I utilized a resource with enough evidence to create a supply and demand graph, and I am confused as to what information I would use to create it as a whole. Linked below is the article and I have provided a snip of the current event that I have written prior to getting to my graphing section of the assignment. Below is also the directions provided regarding the graphing portion of my assignment.

• Graphical Analysis (Image and 1 paragraph)
  • Must include an approved economic model having the correct labels.
  • When applicable, the model must show the change implied by the article summary.
  • (Note: trend lines or graphs from the internet will not meet the requirement for this part of the paper)
  • Give a clear concise and accurate description of the change that occurs on the model. Discuss the concepts that define the model if a change is not applicable.

The Economist. (2021, September 23). Natural-gas prices are spiking around the world. Retrieved October 30, 2021, from https://www.economist.com/finance-and-economicsatural-gas-prices-are-spiking-around-the-world/21804953

Current Event: Module Two prepared for as a country, or globally for that matter, it has increased the demand of the LGN In September of 2021 we are noticing that natural gas prices and supplies are being even more, and it is all because of the weather. affected around the globe, including here in the United States of America. This is bound to cause Knowing this information, I do believe that this has the potential to affect our economy a crisis around the world in terms of finances, and potentially even job shortages. Without either from having excess supply, or excess demand. In America, if we heed the advice of the appropriate supply of natural gas heating around the world will plummet, causing harm to lobbyists the result may not be as anticipated. If we hoard too much natural gas, then we could humanity. Natural gas does, however, do more than heat our homes and other buildings; it also end up with an excess supply or surplus. However, on the other hand if we export too much of provides functionality for our refrigerators and ability to cook. These are basic needs to our own natural gas we could end up with excess demand or a shortage. Certainly, something humanities survival. must be done, and the current rises in prices for exporting the goods to other countries seems to According to The Economist (2021) natural gas prices have increased by roughly 40% in make the most sense. countries such as Britain and Spain. This information may not seem to bother those in other However, ethically speaking are we providing the right service to our allies by essentially countries, but it should. Here in America, it is noted that we are one of the worlds largest natural kicking them when they are down? I would say no, but economics is not about ethics, it is about gas producers, and our lobbyists are demanding that we limit our exports due to the shortage how we make our choices when dealing with scarcity. Therefore, it would be an economic around the world (The Economist, 2021). Some might wonder why it would be in our best choice that we would have to work with going forward if it backfired on our own economy. If we interest to slow down our exports of natural gas, but if we also come into a shortage crisis of our solely focused on globalization during this shortage, I do not believe that we would end up with own more problems may arise with scarcity. the best supply of our own here in America, which would inadvertently affect our own market However, it seems that instead of decreasing our exports we have increased our prices to in a negative manner. $25 per million British thermal units (The Economist, 2021). It appears that we are not the only ones mending to the supply and demand curves during this crisis. The Economist (2021) shares with their readers that Asia is acting in a precautionary way by hoarding their own natural gas, which has inevitably caused prices to only rise further. Coincidentally, this problem was unforeseen as 2019 there was a stable amount of natural gas, and within 2020 the pandemic allowed for less LGN to be utilized (The Economist, 2021). Since this was not something that we