Question
Provide a short summary of the article you selected that represents a situation where there is or you anticipate a shift in demand or supply
Provide a short summary of the article you selected that represents a situation where there is or you anticipate a shift in demand or supply for some product or service.
EXPLAIN how the article illustrates the concept you are discussing demand . Your task is to demonstrate a working knowledge of economics, NOT to simply summarize an article.
Spend most of your time relating the article's events to at least 1 of the determinants of demand you explained on page 1. Be very explicit in identifying the determinant responsible for the curve shift and in explaining why the curve will move as you predict.
Do you see demand or supply rising or falling? As an economist, what impact do you predict this change will have on Pe and Q.
https://www.foxnews.com/politics/trump-crude-oil-prices-us
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