Question
you need to refer, specifically, to one graph, which is the one I linked below. Find a current news article that indirectly describes a change
you need to refer, specifically, to one graph, which is the one I linked below. Find a current news article that indirectly describes a change in supply or demand in a real-world market. You may just search articles inside Google or Yahoo business news. DO NOT do a search using "demand" and/or "supply" as keywords.
Find a news article on the Internet that indirectly describes a shift in the supply curve or the demand curve. The article must be recent (within the last six months), and MUST NOT be from an encyclopedia or reference website that discusses demand and supply. DO NOT use blogs. DO NOT search "supply" or "demand" shifts. Instead, access business news using Google, Yahoo, etc., find articles that describe changes in sales, workforce, or prices, and then select the demand or supply shift that may explain such changes.
- Identify the determinant change
- Shift the appropriate curve in the correct direction
- Change price appropriately
- Move along the other curve (the one that did not shift) in response to the price change.
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 in the demand curve causes an increase in price. Suppliers respond to the higher market price by bringing a greater quantity supplied to market - recall the Law of Supply.
Graph A
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66823895915fe_1976682389574a63.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668238975e2e4_199668238974164a.jpg)
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