Question
Please help me prepare the following project: Select at least two news articles that discuss demand, supply, and equilibrium price of a particular product or
Please help me prepare the following project:
Select at least two news articles that discuss demand, supply, and equilibrium price of a particular product or service.
At least one news article should be dated within the previous two months.
Refer to week 2 content materials and use specific economic vocabulary within your discussion, i.e.
Demand,
Quantity demanded,
Determinants of demand,
Shifts in demand curve, etc.
Supply,
Quantity supplied,
Determinants of supply,
Shifts in supply curve, etc.
Changes in equilibrium quantity and equilibrium price.
Price Ceilings and/or Price Floors and explain why price floors and price ceilings can be inefficient.
Analyze the issue described in the articles using the economic concepts and theory learned in this class. Refer to the course content materials of week 2 and use specific economic vocabulary within your term paper.The articles you choose may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.
At least one graph that shows the demand curve, the supply curve, shifts in demand and/or supply curve, changes in equilibrium quantity and equilibrium price, price ceilings and/or price floors. You don't need to look for any statistical data regarding quantities or prices for the product.
Thank you in advance.
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