Locate a recent article (published within the last year) that discusses either the price ceiling or price floor, and market shortages and surpluses of a good or service from your selected country at a macro level. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's good or service and determine whether it has a market shortage or surplus. Include the following in your discussion. Identify the country and the good or service selected. Class, The article I selected was the Indonesian Government increases price floor of airplane tickets by the Jakarta Post. The article covers a recent increase in floor prices for airline tickets in Indonesia after a "the government decided to increase the price floor of airplane tickets from 30 to 35 percent of the price ceiling in response to requests from a number of airlines" [CITATION Jak19 \\p 1 \\l 1033]. Currently there are no market shortages associated with the service of airline tickets. The only current shortage worldwide is that Of qualified pilots. "Demand for air travel is growing so rapidly that 800,000 new pilots are expected to be needed over the next 20 years, according to Boeing's latest forecast'r [CITATION Sam19 \\p 1 \\l 1033]. The demand curve is, "the graphical representation of the inverse relationship between price and quantity demanded specified by the law of demand" (Arnold, 2019, p. 60). The price and quantity combined can then be plotted on what we know as the demand curve. "The quantity of a commodity demanded depends on the price of that commodity and potentially on many other factors, such as the prices of other commodities, the incomes and preferences of consumers, and seasonal effect" [CITATION Ada201\\p 1 \\l 1033]. The demand curve for the most part is downward sloping because the consumers are more willing to purchase more at a lower price. In the case of Indonesian airline tickets being sold the demand curve is downward sloping. Increases in demand will primarily cause a rightward shift, whereas a decrease in demand would cause a leftward shift. Factors such as income, preferences, price of related goods, number of buyers, and expectations of future prices will cause the demand curve to shift. The supply curve is, "the graphical representation of the law of supply, which states that price and quantity supplied are directly related, ceteris paribus" (Arnold, 2019' F170). The supply curve unlike the demand curve is for the most part upward sloping, the reason being without speaking on law of diminishing marginal returns, "is under certain conditions, a higher price is an incentive to producers to produce more of the good" (Arnold, 2019, p_ 70). There are several factors that cause the supply curve to shift, they include the prices of relevant resources, technology, the prices of related goods, the number of sellers, expectations of future price, taxes and subsidies and government restrictions. In the ram: n'F +l'1olnrlnnnclqn airline Hrllnl'c +l'u: CI Innlu rl Irun i: Ilnularrl clnnlnn