Describe change in price and change in equilibrium quantity

Assignment Help Microeconomics
Reference no: EM131831409

Assignment

1. Find one or two news articles from the Internet that illustrate a shift in supply and/or demand. The article(s) need to illustrate at least two of the four graphs. This may require two articles. The article(s) must be recent (within the last six months), and MUST NOT be from an encyclopedia or reference website that discusses demand and supply.

2. DO NOT use blogs.

3. The best articles are about changes in the price and/or sales of a particular product. Or about the changes in the costs of production or of inputs that impact the supply curve.

You then have the opportunity to demonstrate your understanding of supply and demand shifts as you explain the changes in price and quantity experienced by the product you choose. RECOMMENDATION: READ THE SAMPLE PROJECT: Under the Start Here link.

4. Summarize the article(s). (Do not quote the article(s), but explain it as if you were telling someone about it. If you do use a direct quote or paraphrase, remember that citations and references are required.) If you use more than one article, then citations are required.

5. Explain which graph in our collection - A, B, C, or D - illustrates the shift that you identify by describing the change in price and the change in equilibrium quantity. Remember to illustrate the shifts shown in at least two of the four graphs.

6. Do use paragraphs in your post. And do remain focused on what is in the article.

7. Provide a full URL link to the article(s) along with an APA-formatted reference to the article(s) at the bottom of your submission.
8. Important: This is a Microeconomic course. Do not choose an article discussing Macroeconomic issues: Inflation, unemployment, trade deficit, government budget deficit, etc.

To receive full credit, your submission must be at least at least 750 words long, excluding the reference and the article link information.

Attachment:- Supply-and-Demand-Graphs.rar

Reference no: EM131831409

Questions Cloud

Determine whether they represent problems of moral hazard : Frances lives in an apartment above a restaurant, and her apartment always smells like burgers and fries.
Production cost across the region : Discuss the concept behind NAFTA and how this can pissible reduce production cost across the region
Identify the primary standard from the IMA Statement : For each of the situations? listed, identify the primary standard from the IMA Statement of Ethical Professional Practice that is violated?.
Supply and demand equations : 1. Assume that a competitive market is currently represented by the following supply and demand equations:
Describe change in price and change in equilibrium quantity : Explain which graph in our collection - A, B, C, or D - illustrates shift that you identify by describing change in price and change in equilibrium quantity.
Describe how the facts represent solutions to problems : Your car insurance coverage probably includes a deductible-an amount that you have to pay out-of-pocket before your insurance coverage kicks in.
Determine what type of lease this would be for the lessor : The lease begins on January 1, 2012 and payments will be in equal annual installments. Determine what type of lease this would be for the lessor
Define a budget deficit in an economy : Define a budget deficit in an economy/country and the result of having that deficit
What is the present value of the cash inflows for project : what is the present value of the cash inflows for this project

Reviews

Write a Review

Microeconomics Questions & Answers

  Who is hurt by imported automobiles

Spend some time driving in Detroit, Michigan-the Motor City-and you're sure to see bumper stickers with messages like "Buy American" or "Out of a job yet?

  The economic agents respond to incentives

What statement demonstrates the economic agents respond to incentives

  Demand plans and short-term costs for a particular product

A firm has the following demand plans and short-term costs for a particular product. Q = 200 -5p TC = 400 + 4Q. What price should the company sell their product? What will be the price and quantity if Bramwell wants to?

  What change in government policy could explain

At the same time, many Autarkians have quit their other jobs in order to raise sheep to produce wool. What change in government policy could explain -  Which of the two taxes is likely to cause more deadweight loss?

  Explain briefly the nature of the regulation

Pick some current or historical regulation. Explain briefly the nature of the regulation. What are the laws, agencies, etc.? Explain the rationale for the regulation, what the sponsors of the regulation said they wanted to achieve.

  Explain how the economy of danland might grow

Consider a simple island economy where the sun is always gentle and warm and the breezes are cool. Let's call this island DanLand. There are four product markets in DanLand: coconuts, fish, textiles, and beer. Coconuts grow freely around D..

  Lower volatility in both money supply growth and inflation

Both theory and experience suggest that (fill in the blank) leads to lower volatility in both money supply growth and inflation.  You purchase computer software from a company in Chicago, Illinois those banks with Wells Fargo. You write a check on yo..

  Determine the best response functions for arnold and betty

The marginal cost of a unit of the public good is constant: MC=C. As in lecture, determine the best response functions for Arnold and Betty. What is the strategic equilibrium quantity of the public good that gets produced

  What is the real exchange rate

Normal 0 false false false EN-US X-NONE X-NONE Suppose the us dollar-yen e..

  What is the best option for a construction company

The salvage value in 10 years from now is $ 30000. The minimum required rate of return by the company is 10 %. What is the best option?

  Design a contract to maximize the expected profits

Design a contract to maximize the expected profits received by a risk-neutral principal who will hire a risk-averse agent. The agent's utility function is u = log(w) - e

  How price ceilings can put goods in the wrong place

How price ceilings can put goods in the wrong place, as when too little heating oil wound up in New Jersey during a harsh winter in the 1970s.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd