Select at least two newsarticles that discuss demand, supply, and equilibrium price of two substitute products, like beef and chicken; butter and margarine. It can be two articles that discuss both products, or one article about one product and another article about another product.

At least one news article should be dated within the previous two months.

use specific economic vocabulary within discussion, i.e.

• Demand for one product:
  • Quantity demanded, oDeterminants of demand, oShifts in demand curve, etc.
• Demand for another product:
  • Quantity demanded, oDeterminants of demand, oShifts in demand curve, etc.
• Supply for one product
  • Quantity supplied, oDeterminants of supply, oShifts in supply curve, etc.
• Supply for one product
  • Quantity supplied, oDeterminants of supply, oShifts in supply curve, etc.
• Changes in equilibrium quantity and equilibrium price for one product
• Changes in equilibrium quantity and equilibrium price for another product

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.

Please note that the goal of this assignment is to read, understand, and discuss recent news using microeconomic terminology. The articles should be from an on-line newspaper or magazine. Materials posted on educational websites, like www.thebalance.com, www.khanacademy.org , and so on, are not considered news articles even if they were recently updated and contain material related to the term paper topic.

The Short paper should have the following structure:

1. Abstract (0.5 of a page) - the short description of the concepts, problems, questions discussed in the Short paper.
2. Introduction (0.5 of a page) (optional)
3. Discussion - task is to analyze the issue described in the articles using the economic concepts and theory learned in this class. The articles chosen may not use these exact terms; therefore, it is incumbent upon you to convert the article language into economic language as is appropriate.

one graphthat 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.

1. Conclusion (0.5 of a page)

short quotes from the article(s) to support statements, but the size of these quotes should be reduced to minimum. No more than 20% of the text of the term paper should be made up of quotes.

Please also avoid copying the materials from any textbooks, including our textbook.

Pleasebe aware that Wikipedia, Investopedia, and other on-line dictionaries and encyclopedias are not verifiable sources of reliable information, and should not be used in the Term paper.

Acceptable sources of the information are: research papers, newspaper articles, and books.

Format of the Paper:

Written projects:

1. Must be typed
2. Must be in APA-7^th style
3. Must have in-text citations in APA-7^th edition style
4. Must have reference list in APA-7^th edition style. Please note that you must reference the data you are using for the project
5. Must be prepared using word processing software (Microsoft Word preferred)