Question
Surf the web and try to find a newspaper article about the equilibrium price of a good or service changing due to a shift in
Surf the web and try to find a newspaper article about the equilibrium price of a good or service changing due to a shift in the supply curve or a shift in the demand curve (please use an original example that has not already been covered in the book, power points or videos). Using supply and demand analysis and information from the newspaper articles, explain what is happening in this market that is causing prices to change. There may be shifts in supply/demand or both curves that is affecting the equilibrium price and quantity. Try to keep it simple and find an article in which only one curve is shifting. Explain how the shift of the curve affects the equilibrium price and quantity in the market. Please include a graph of the supply and demand model, showing what is happening in the graph according to the article. (You must use the Supply and Demand model that we covered in class here: no bar graphs, pie charts or time/trend graphs allowed), use the Interactive Scratch Paper (https://wwnorton.com/college/econ/principles-of-economics/modules/supply_and_demand/) for the Supply and Demand Graph.Just show what is happening in the model according to your article (Be sure to explain what is happening to equilibrium price and quantity).
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