1. Applying Supply and Demand: Real World Examples
For this assignment, you will find a news article (not a blog, not Wikipedia, not an opinion article, a news article) that describes a change in supply, demand, or both in a real-world market. The learning objective is to understand how supply and demand impact markets and prices.
Begin by downloading and studying:
· Supply and Demand Graphs.pptx
· Assignment Summary.
· Find a news article on the Internet that INDIRECTLY describes a shift in the supply or 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 or a professional journal.
· The title of your article MUST NOT directly imply the graph to apply. For example, titles like "demand increase," "supply decrease," "demand outpaces supply," "limited supply," etc. are not acceptable.
· Do not use a macroeconomic topic such as inflation, unemployment, economic growth, money supply, national debt, etc. DO NOT do a search using keywords such as "demand" and/or "supply." Instead, just select any current business news as explained in the video demonstration below.
· RECOMMENDATION: READ THE SAMPLE PROJECT Under the Getting Started link.
· After selecting a specific article, summarize it using your own words, and then select a specific graph (from the "supply and demand graphs" document) that may explain the change in the price, sales, or workforce indicated in the article. The graph must be A (demand increase), B (demand decrease), C (supply increase), or D (supply decrease). After selecting the specific graph, please explain why you think it is the most appropriate for the situation described by referring to a determinant of demand (supply), also called demand (supply) shifters.
Video demonstrating how to look for an article:
· In your response, you must demonstrate your knowledge of chapter 4, especially: 4-2c. Shifts in the Demand Curve; 4-3c. Shifts in the Supply Curve; 4-4a. Equilibrium; 4-4b. Three Steps to Analyzing Changes in Equilibrium. You can copy from Chapter 4, Figures 3, 4, 7, 10, 11 and 12.
· To receive full credit, your submission must be at least 250 words long.
Now click on the "Week 1 Research Assignment" title at the top of the page and submit your assignment as a Word Document.
1. Applying Supply and Demand: Real World Examples For this assignment, you will find a news article (not a blog, not Wikipedia, not an opinion article, a news article) that describes a change in supply, demand, or both in a real-world market. The learning objective is to understand how supply and demand impact markets and prices.
Begin by downloading and studying:
· Supply and Demand Graphs.pptx
· Assignment Summary.
· Find a news article on the Internet that INDIRECTLY describes a shift in the supply or 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 or a professional journal.
· The title of your article MUST NOT directly imply the graph to apply. For example, titles like "demand increase," "supply decrease," "demand outpaces supply," "limited supply," etc. are not acceptable.
· Do not use a macroeconomic topic such as inflation, unemployment, economic growth, money supply, national debt, etc. DO NOT do a search using keywords such as "demand" and/or "supply." Instead, just select any current business news as explained in the video demonstration below.
· RECOMMENDATION: READ THE SAMPLE PROJECT Under the Getting Started link.
· After selecting a specific article, summarize it using your own words, and then select a specific graph (from the "supply and demand graphs" document) that may explain the change in the price, sales, or workforce indicated in the article. The graph must be A (demand increase), B (demand decrease), C (supply increase), or D (supply decrease). After selecting the specific graph, please explain why you think it is the most appropriate for the situation described by referring to a determinant of demand (supply), also called demand (supply) shifters.
Video demonstrating how to look for an article:
· In your response, you must demonstrate your knowledge of chapter 4, especially: 4-2c. Shifts in the Demand Curve; 4-3c. Shifts in the Supply Curve; 4-4a. Equilibrium; 4-4b. Three Steps to Analyzing Changes in Equilibrium. You can copy from Chapter 4, Figures 3, 4, 7, 10, 11 and 12.
· To receive full credit, your submission must be at least 250 words long.
Now click on the "Week 1 Research Assignment" title at the top of the page and submit your assignment as a Word Document.