Affect the market for particular good

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Identify a recent event that might affect the market for a particular good. First, discuss whether you think it will affect demand, supply, or both. Second, will it cause an increase or a decrease in demand or supply? And finally, what will be the final effect on the equilibrium price and equilibrium quantity? NOTE: As stated in the chapter, changes in the price of a good do not cause a shift in demand or supply. Don't forget to comment on at least one of your classmates' postings.

(e.g. the company UBER has been recently involved in negative controversy, so it can be argued that it will affect the demand for the services they provide. Since the news have been negative, it can be expected that the demand for UBER services will shift to the left (a decrease in demand). This will likely cause a decrease in the number of people that use the service and a decrease in the price they charge for services.)

Reference no: EM132276800

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