Question
Look for a news article publishedwithin the last month on the internet that discusses changes in demand and supply of particular goods/services and summarize key
Look for anewsarticlepublishedwithin the last monthon the internet that discusses changes in demand and supply of particular goods/services and summarize key points .
Use specific economic vocabulary within the summary, i.e. demand, quantity demanded, determinants of demand, shifts in demand curve, etc. Likewise with supply. Elaborate on changes in equilibrium quantity and equilibrium price.
The article may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.
Please note that the goal of this discussion is to read, understand, and discuss recent news using microeconomic terminology. The article should be from an on-line newspaper or magazine. Materials posted on educational websites, likethebalanc,khanacademy and so on, are not considered news articles even if they were recently updated and contain material related to the discussion topic.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started