Question
Please try to find a newspaper article about the equilibrium price of a good or service changing due to a shift in the supply curve
Please try to find a newspaper article about the equilibrium price of a good or service changing due to a shift in the supply curve or a shift in the demand curve.
Using supply and demand analysis and information from the newspaper articles, explain what is happening in this market that is causing prices to change.
There may be shifts in supply/demand or both curves that is affecting the equilibrium price and quantity.
Try to keep it simple and find an article in which only one curve is shifting.
Explain how the shift of the curve affects the equilibrium price and quantity in the market. Please include a graph of the supply and demand model, showing what is happening in the graph according to the article.
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