Supply and Demand

Select ANY ONE market Housing market (or housing rental market) in Toronto/Ontario/Canada or any other location

-Market for mobile phone service

-Market for tablets (i.e. iPad, Samsung Galaxy Tab, etc.)

-Market for groceries

-Market for community college business programs

For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support conclusions.

1. Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves.
2. Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves.
3. Identify and explain one government intervention relating to this market. Explain the government's economic objective and illustrate the impact on the market using supply and demand curves.