Provide two examples of Supply & Demand Analysis
one a change in supply and one a change in demand.
Use the 4-step process describe in Chapter 3,
Identify the factors that influence supply and the factors that influence demand.
Choose one for each side of the market (two sides: supply & demand) and explain how this factor will change in coming months or years.
Predict how it will “shift” supply (first) and demand (in a separate second analysis).
Describe and compare the new equilibrium to the initial equilibrium.
Are consumers better off?
Are producers better off?
(For a superior performance introduce real world facts and statistics; another contribution to a superior performance is using the appropriate supply and demand diagrams.)