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Instructions: For this assignment, create a presentation analyzing the impact of changing market factors. Before you start: Choose a product that you understand. Identify 5
Instructions: For this assignment, create a presentation analyzing the impact of changing market factors.
Before you start:
- Choose a product that you understand.
- Identify 5 factors that would change the demand for this product. No more than 3 should increase demand and no more than 3 should decrease demand.
- Identify 2 factors that would change the supply for this product. One should increase supply, and one should decrease supply.
- Sketch a quick graph of each of these scenarios, identifying the change in equilibrium price and quantity.
Here is an outline of what your presentation should include:
- Slide 1: Analyzing Supply and Demand Shifts in the Market for ________.
- Slide 2: Include an image that represents the product or service. Be sure to provide attribution for the photo. You should also include the name of your product and a short description of its buyers and sellers.
- Slides 3 - 9: These slides should show the supply and demand shifts you have identified with one shift per slide. Each of these should include:
- the factor that shifts supply or demand in the title of the slide;
- the supply or demand shifter (EX. cost of production, income, taxes)
- the change in supply or demand;
- the impact on equilibrium price and impact on equilibrium quantity; and
- a graph indicating the shift and its result.
- Slide 10: Include a Conclusion stating the items that affected Supply and Demand broken down by direction. The template offers an example of how to do this, but choose the best approach to make your point.
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