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Assignment Instructions Find two (or more) news articles from the Internet that illustrate a shift in supply and/or demand. Each article needs to illustrate one specic graph (A, B, C, or D) from the "supply and demand" documents. Each article must be recent (within the last six months), and MUST NOT be from an encyclopedia or reference website that discusses demand and supply. Each article MUST NOT directly imply which graph to apply. For example, a "surging demand" to refer to graph A, or a "supply limitations" to refer to graph D. DO NOT use blogs, professional journals, or academic articles discussing supply and demand. Try not to search using key words like "supply" and "demand". Instead, just find daily articles from google (or yahoo) business news. You may use other websites, of course. The best articles are about changes in the price and/or sales of a particular product. You then have the opportunity to demonstrate your understanding of supply and demand shifts as you explain the changes in price and quantity experienced by the product you choose. RECOMMENDATION: READ THE SAMPLE PROJECT: Under the Getting Started link. Summarize the article. Do not quote the article, but explain it as if you were telling someone about it. If you do use direct quotes or paraphrases, remember that citations and references are required. Explain which graph in our collection - A, B, C, or D may apply in each article by referring to specific determinants of demand or supply and the corresponding or implied change in price and/or quantity (sales) illustrates the shift that you identify by describing the change in equilibrium quantity. Some articles may describe a situation where both curves shift. This is not common but it is possible. In your post, use mgphs and remain focused on what is in the articles. Provide a full URL link to the articles along with an APAformatted reference to the articles at the bottom of your submission. Important: This is a Microeconomic course. Do not choose an article discussing Macroeconomic issues such as Ination, unemployment, trade deficit, government budget decit, etc. Writing Skills Scoring Rubric Criteria 5 4 3 2 1 Score Excellent Good Acceptable Fair Poor 1-5 Writing is clearly Writing is Writing Writing is unfocused Writing is rambling and organized around a organized. The demonstrates and there is some unfocused, with main central theme. Each paper contains a some grasp of evidence of details. theme and supporting ORGANIZATION paragraph is clear and central theme and organization, with details presented in a relates to the others in a planned a discernible disorganized, unrelated well-planned framework. paragraphs. theme and way. supporting details Topic is well developed, Topic is developed Topic is evident Topic is marginally Topic is poorly effectively supported and and there is with some developed and developed, with appropriate for the evidence of supportlng thinking is minimal. supporting details that CONTENT assignment. Effective creative thinking. details; generally There is evidence of are absent or vague. thlnking is expressed meets a minimal Trite ideas and/or clearly and creatively. requirements of understanding. unclear wording reflect assignment. lack of understanding of topic and audience. Sentence structures are Good sentence There is some Very little sentence Writing lacks sentence complex and contain no structure is sentence variety. structure is variety; sentences are errors in mechanics noticeable. There Some errors are noticeable. very simple and use an defined but not limited to are sporadic errors evident in Sentences are oral pattern of language. run-on sentences, sentence sentence simple. Frequent The paper also GRAMMAR fragments or comma mechanics. mechanics and errors in sentence demonstrates an WORD USAGE AND SPELLING splices, etc. Paper is free of grammatical problems defined but not limited to punctuation, capitalization, noun-verli agreement, use of pronouns, adverts, and adjectives, etc. The paper contains an excellent use of word choice and i is free from spelling mistakes. The paper also uses proper language forms and the meanings of its sentences are very clear. Sporadic errors are also in the grammar of the paper. The pap er contains a good use of word choice, but has sporadic spelling mistakes. There are also sporadic errors in the uses of proper Iang uage. However, the meanings of the sentences are c lea r. mechanics are also noticeable. The paper has frequent errors in its grammatical structure. the grammar of the paper. The paper contains an adequate usage of wording. There are some spelling mistakes. Sentence meanings are somewhat clear. The paper contains some use of word choice. The paper uses slang or other improper uses of language. Sentence meanings are unclear. The paper has frequent spelling mistakes. excessive numher of errors in sentence mechanics and in grammar. The paper demonstrates deficiencies in word usage and has an excessive number of spelling mistakes. Errors in grammar, wording, sentence structure, and language distract the meanings of the sentences. There is an excessive misuse of language and an excessive use of slang. Scale: 18-20-A 16-11-B 12-15-c 8-1 1 -D O-T-F OVERALL GRADE: TOTAL: Graph A When one or more of the determinants of demand (see above) change such that the demand for a good increases that shows that consumers are willing to pay more for all possible quantities of the good. The upward shift 1n the demand curve causes an in_crease in price. Suppliers respond to the higher market price by bringing a greater 9 uantity supplied to market recall the Law of Supply. Graph B When one or more of the determinants of demand (see above) change such that the demand for that good decreases. The demand curve reects this by shifting downward, showing the consumers are willing to pay less for all possible quantities of the good. This causes a decrease in price. Suppliers respond to the price change by bringing a lesser guanti supplied to market - recall the Law of Supply. Graph C When one or more of the determinants of supply (see above) change such that the supply for that good increases the supply curve shifts outward showing that suppliers can bring more product to market at lower prices for all possible quantities. This causes a d_ecrease mprice. Demanders will respond to the price change with a greater Quantity demanded recall the Law of Demand. Graph D When one or more of the determinants of supply (see above) change such that the supply for that good decreases, the supply curve shifts inward showing the suppliers can bring fewer products to market at higher prices for all possible quantities. This causes an increase in price, and demanders are willing to buy a lesser quantity demanded recall the Law of Demand