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Please post a link to the article and answer the questions. Thank you. Find an article in a recent newspaper or magazine or use a real-life example illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning. Has there been an increase or decrease in demand or supply and how does it affect the market price? Cite the sources of your articles if possible so that other students can read them if they have an interest.

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Joshua Stredder
Joshua StredderLv10
28 Sep 2019

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Related questions

Find two newspaper articles, one about an increase or decrease in Aggregate Demand AND one about an increase or decrease in Aggregate Supply (remember, it has to be something that includes the entire economy, not just one company or industry). Explain what the article is about (one at a time) and why it is an example of AD or AS shifting. In your analysis of each shift, explain why this article is an example of the shift and explain what would be happening in the graph in detail, including changes in equilibrium price level and Real GDP.

Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.

Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service. Summarize the article and its findings, then include the URL in your discussion post.

Make sure you first review and understand all of the "shift factors" for the supply and demand curves in your textbook. I would have a list of these by my side as you read the article titled, "The Oil Conundrum." The later part of the article discusses some of the topics we will be learning about later this semester. You may also use the sort article, "Why Is Gas Still So Expensive in California?" Use both articles to identify how events discussed in the article are affecting supply AND demand for oil. Find three events that likely caused supply shifts and three events that likely caused demand for oil to shift. You will need to answer the following six times, three for demand and three for supply:

a. Event - Quote the article

b. Which determinant (shift factors), as discussed in chapter 3, are causing the supply or demand curve to shift given the event quoted?

c. Which direction will the curve shift.

d. Given the shift, what will happen to price, will it increase or decrease?

e. Given the shift, what will happen to quantity, will it increase or decrease?

Note that the terms IMF and GDP are the International Monetary Fund and Gross Domestic Product. The IMF is an international economic stability organization. GDP is a measure for the size of a country's economy.

Here's a hint where to find some examples in "The Oil Conundrum" article:

1st page, 1st and 2nd paragraph - Supply

2nd page, 4th paragraph - Supply

3rd page, 5th paragraph - Supply

4th page, 4th paragraph - Demand

6th page, 3rd paragraph - Demand

6th page, 4th paragraph - Demand

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