Describe the effect on equilibrium price and quantity


Problem

Find a news article of your choice describing a good or service (you may use articles from websites such as cnn or foxnews).

• Summarize the situation and identify what supply or demand shift factor is at work.

• Describe the effect on equilibrium price and quantity given the shift factor.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Microeconomics: Describe the effect on equilibrium price and quantity
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