Posted: May 1st, 2015

Choose a current business article from June orJuly 2014 (any country) that illustrates the market forces of demand and supply for a certain good or service i.e. find a business article that illustrates a change in demand or supply.

Choose a current business article from June orJuly 2014 (any country) that illustrates the market forces of demand and supply for a certain good or service i.e. find a business article that illustrates a change in demand or supply.

Explain the change in the market and relate the article back to the demand and supply model and the theory that you have learnt in class (i.e. chapter3 and 4). Drawthe demand and supply model to illustrate your answer. Make sure that yourwritten answer and market model clearly include the effect on market price and quantity and the shortage or surplus created by the change.