Discussion Post: Microeconomics
Do some research online and find a newspaper article (in the past 6 months) that represents a situation where there is a change in demand or supply of a good or service. Summarize the article in your own word then use the concepts you have learned to explain what will happen to equilibrium in the market.
Briefly explain the situation (in 1-2 lines).
Then spend most of your time relating the article's events to at least 1 determinant of demand (OR supply) learned in the chapter and state in what direction demand (OR supply) will shift.
Be very explicit in identifying the determinant responsible for the curve shift and in explaining why the curve will move as you predict.
As an economist, what impact do you predict this change will have on equilibrium price and quantity?
Put this together in a logical progression and be sure to use paragraphs.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.