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Predict a change in prices for a good of your choice. Describe the product and its current price. Predict whether a shift in demand or
Predict a change in prices for a good of your choice.
- Describe the product and its current price.
- Predict whether a shift in demand or supply will be more important in driving the price from now to one year from now, and include logically consistent reasons why.
- Provide a clear prediction for the direction of change for the more important shift, and include logically consistent reasons why.
- Provide a clear prediction for the price one year from now that is consistent with the reasoning.
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