Applying Supply and Demand:  Real World Examples

Applying Supply and Demand:  Real World Examples.

Applying Supply and Demand:  Real World Examples

For this assignment you will find a news article (not a blog, not Wikipedia, not an opinion article, a news article) that IMPLICITLY (not directly) describes a change in supply, demand or both in a real world market.  The learning objective is to understand how supply and demand impacts markets and prices.Begin by downloading and studying:

Assignment History

  • Find a news article on the Internet that IMPLICITLY describes a shift in the supply curve or in the demand curve. In other words, the article MUST NOT directly say which graph to use.  For example, inappropriate articles would be the ones with titles like “demand is short”, “excess supply”, “high demand”, and so on.  Instead, the titles must be about changes in prices and/or sales (watch video below for more guidance).  The article must be recent (within the last six months), and MUST NOT be from an encyclopedia or reference website that discusses demand and supply. DO NOT use blogs.  Use well-established business web sites like “google.com”, or “yahoo.com”.
  • The best articles are about changes in the price and/or sales of a particular product. 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 Getting Started link.
  • Summarize the article.  Do not quote the article, but explain it as if you were telling someone about it. If you do use direct quotes or paraphrases, remember that citations and references are required.
  • 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 the difference between a change in quantity and a change in the position of the curve – these are described in the documents linked above).
  • Some articles may describe a situation where both curves shift.  This is not common but it is possible.
  • Do use paragraphs in your post. And do remain focused on what is in the article.
  • Provide a full URL link to the article along with an APA-formatted reference to the article at the bottom of your submission.
  • Important: This is a Microeconomic course. Do not choose an article discussing Macroeconomic issues: Inflation, unemployment, trade deficit, government budget deficit, etc.

NOTE: This research assignment is 5% of your course grade. In Week 3 there is similar assignment that is 15% of your course grade. The difference is so that you can learn how to properly complete the research assignment in Week 1. Thus, in Week 3 the expectations for your work will be higher than in Week 1. Be sure to carefully review any instructor feedback on your Week 1 research assignment and to apply that to your Week 3 research assignment work.

RUBRIC FOR RESEARCH ASSIGNMENT – MICROECONOMICS

Levels of Achievement

Criteria

Poor work

Partial work

Good work

Article quality

(10 points)

Article selected is not appropriate (no current news, self-implied graph in title, encyclopedia)

(0 points)

Article is partially acceptable: old, too broad (macro), partial self-implied graph in title

(5 points)

Proper article selected (current news, title refers to changes in price or sales)

(10 points)

Specific graph reference

(10 points)

No specific graph reference (A, B, C, or D)

(0 points)

Graph is implied but it’s not named or identified

(5 points)

A specific graph (A, B, C or D) is selected

(10 points)

Appropriate graph reference

(40 points)

Graph is selected, but it’s not appropriate or consistent with the article being used

(0 points)

Graph selected is not appropriate but arguments used are

(20 points)

Student selects an appropriate graph

(40 points)

Graph justification

(40 points)

No justification of graph (s)

(0 points)

Weak arguments justifying graph (s)

(20 points)

Student justifies graph(s) properly

To receive full credit, your submission must be at least 250 words long.

Applying Supply and Demand:  Real World Examples

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Reviews from Clients who Ordered from Our Website

Hire Top Writer to Do Your Upcoming Essay

Too many looming deadlines or so much to do in so little time?  As a student, perhaps you have just joined for your first year, or you’re moving to another level which means new coursework. Sometimes you have to choose between writing your essays or catching up with classwork. Other times, you can hardly make sense of what that essay the professor gave you because it is new territory. We know student life is not a bed of roses but it doesn’t have to be so difficult either.  You can delegate some of that work to an essay writing service like PaperHelpWriter.com. It is advisable to hire and paper help writer who is good at what they do so that you can get some breathing. Remember, you can only do so much, there is no need to risk burnouts.

Our essay writing service is like a one-stop-shop for all your custom essay needs. We have, in our employ, a variety of paper help writers who are equally diverse in many academic fields with ample experience to back them up.  The best writing service will always make it easier to provide custom paper help by eliminating the costs that come with time wastage and information. PaperHelpWriter.com makes it convenient for you to hire a seasoned writer as soon as you need them to do your custom essay. As an essay, we thrive on facilitating the connection between you and the custom paper help writer.

From the time you ask PaperHelpWriter.com, “Can you write my essay” to the time your ‘Write my essay’ job request is delivered, every step of the way we assure you peace of mind. You do not have to worry about getting burnt out or failing to complete your coursework.Getting custom paper help does not even have to be expensive. When you get a custom paper writer with a proven track record you only pay for what you need. We affirm ourselves a cheap essay writing service because the writers who handle each request are trustworthy and do not demand hidden fees. Therefore, we will only bill you for the amount of work that you can afford.

Though we say we are a cheap essay writing service, the work delivered by our top writers is exemplary because we are not penny-pinchers. PaperHelpWriter.com is both one of the best essay writing services and a cheap essay writing service because we do not skimp on the quality of our work and that is what makes us affordable. Our writers have flexible working hours and are reachable whenever you need your job done because the deadline is tomorrow of just want to have a long-term engagement for a lengthy custom paper. By all means, you should go ahead and use our essay writing service by shooting us that, ‘Write My Essay’ request. We would be glad to take on your custom essay and deliver on our promises of your own original essay.

Our Features

w

Customer Support

We have available customer service to help you with any queries

Quality Control

We have an editing team to review all work before submission

Affordable

Our prices are student friendly with regular coupons and discounts

v

Chat with Writer

Our interface allows you to chat with writer incase of any queries or clarification

Private

All your personal details are encrypted and we NEVER share with third parties

c

Grammar checks

We review all syntax error via software such as grammar and human proofreaders

Z

Plagiarism Report

All orders are reviewed and checked for plagiarism prior to submission

Revisions

We provide you with revisions of your order to make sure you get what you order

Place Your Order in 4 Steps & Get it on Your Email

R

Order Details

Provide detailed instructions of your assignment such as a suitable title, attachments, rubric, readings, subject, urgency etc
R

Make Payment

Complete payment for your order and assign writer via our safe and secure checkout button. One payment is completed, we assign your order to the suitable tutor

R

Relax & Wait

A suitable writer works on your paper and moves for editing. Our editors reviews the order for any errors and sends your order back to writers in case of any changes
R

Get Your Order

A notification is sent with your order to your email to login and download. Also, your order is attached to the email notification sent