Writing Assignment 1 Excerpt: Find a news article of your choice describing a good or service (you may use articles from websites such as cnn.com or foxnews.com). Summarize the situation and identify what supply or demand shift factor is at work. Describe the effect on equilibrium price and quantity of the shift factor you identified above. Provide a copy of your article with your written assignment. Click Writing Assignment Guidelines and Rubric for further directions and requirements. Submit Writing Assignment 1 fo the Writing Assignment 1 Dropbox (click on the Activities tab, then click on the Assignments menu item, then click on Writing Assignment 1 and follow the instructions) no later than Sunday 11:59 PM EST/IEDT of week 3. (This Dropbox basket is linked to Turnitin.) Instructor's Comments: Writing Assignment 1 should be an interesting paper to research and write_ It is worth 8% of your final grade, s0 do a great job on it. It is due by Sunday midnight of week 3 and it must be submitted to the Writing Assignment 1 Dropbox as a Word or pdf attachment (be careful that you submit it to the Writing Assignment 1 Dropbox only). It will automatically be submitted to Turnitin.com to check for plagiarism and Artificial Intelligence use. Here are the rules for Writing Assignment 1. 1. The paper must not have been submitted to any other course, i.e., it must be a new paper. 2. You may choose any good or service to write about, but it needs to address something that talks about supply and/or demand for that good or service. 3. The paper has to be at least one full page long, but no longer than two full pages using the APA or MLA format. The margins must be one inch all around in Times New Roman font - 12, double spaced, excluding graphs, the title page, and bibliography page(s). For example, if you have one page of graphs (put on a separate page), you need to have at least one full page (one typed page and one graph page), plus the title page and the bibliography page(s). 4 You need to use three paragraphs, a), b), and c) to cover the requirements for Writing Assignment 1. For paragraph a), summarize the supply and demand situation from the article you have chosen. For paragraph b), answer the second sentence in the excerpt above by talking about which supply or demand shift factor (from the AVP) you think best applies to the situation in paragraph a) use only one shift factor. For paragraph c), answer the third sentence in the excerpt above by determining what affect the shift factor you chose in paragraph b) has on the new equilibrium price and quantity sold, e g., price increased and quantity increased due to an increase in tastes and preferences, a demand curve shift factor. Make sure vou label the paragraphs as shown above