Find a market news event scan the news for an article from

Assignment Help Business Economics

Reference no: EM133402071

Questions:

. Find a market news event. Scan the news for an article from within the last week about a good or service that interests you. Read the article and determine which is affected: supply or demand.

. Draw a graph. Draw a basic market graph. Title it the market for the product in your news article. Label the axes, curves, equilibrium price "Pe," and equilibrium quantity "Qe."

.Add the shift. Draw a new curve on your graph to reflect the shi? in either supply or demand. Label it D1 or 81, accordingly. Label the new equilibrium price P1 and the new equilibrium quantity 01. Add arrows to show the direction ofthe changes in the curve, price, and quantity. .

Explain the outcomes. In a complete paragraph, explain how your graph illustrates the news event. Describe what changed and why. Include the one element of either TRIBE or ROTTEN that best explains the shi?. Describe how this led to the market outcomes for equilibrium price and quantity.

. Submit your work. This includes your graph image ?le and a separate paragraph explanation with the citation for your news article.

Reference no: EM133402071

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