1. The document discusses analyzing a current news article about a good or service using concepts of supply and demand.
2. It instructs the reader to summarize the article using supply and demand terms like changes in buyers/sellers, responses to price changes, surpluses/shortages.
3. The reader must also illustrate the analysis with three supply and demand graphs showing movements along or shifts in the demand and supply curves and the resulting equilibrium changes.
economic. Please help me to find a topic. So I can write . Thanks ti.pdf
1. economic. Please help me to find a topic. So I can write . Thanks tiurnitin enabled) Required
Report #1 Demand and Supply Analysis Find a current semester's newspaper/magazine article
about a good or paper/magazine article about a good or service (preferably one that you are
familiar with Useay current periodical and your understanding of supply and demand to apply
the concepts to a broad area of real life issues. Summarize the article using as many supply and
demand terms as apply. (For example, has the number of buyers sellers increased or decreased,
how has the buyer/seller responded to price changes, are there surpluses or shortages in the
market, are there substitute/complementary goods, does elasticity come into play?) ulustrate
what you stated above using a minimum of three different supply demand graphs from the text.
such as pie charts, bar charts, and line graphs.) Do not use other graphs · 1. Demand Graph: Has
a movement along the demand curve or a shifting of the demand curve occurred? Explain. 2.
Supply Graph: Has a movement along the supply curve or a shifting ot the supply curve occured?
Explain 3. Equilibrium Graph: Combine the changes stated for demand and supoly and Wustrate
the impact on the ecqulierium price nd quantity. Has a surplus or a shortage been created?
Explain Your paper must be 3-4 typed pages in length including your graphs. You must include a
copy of the article you used in your research. Please attach your article to this paper. You must
submit your paper online by clicking on Submit Assignment in the upper right side of your
screen.
Solution
Let us consider the imports and exports of US to understand the demand and supply of goods.
From the site ( https://atlas.media.mit.edu/en/profile/country/usa/) we get a detailed information
on the percentage of imports and exports of services or goods that are produced. Exports take
place when there is excess production. First the internal demand of the country is met and the
excess products are then exported. The country imports those goods that are not manufactured
with in the country but are still in great demand by the consumers.
We can study the supply and demand of the computer parts that are imported in order to meet the
demands of the people. The usage of computers only increases over years, leading to an increase
in the demand of the product. In the production of computers, the supply and demand are in
proportion, the supply and demand will be directly proportional to each other.
For computers, the number of buyers and sellers will only increase over time. One main problem
in using computers is the dynamism observed in technology. The technology keeps changing
which makes advancements in hardware and software over a specific period of time. This means
that if we own a computer that is 3 years old then the software and the hardware would have got
2. outdated and the computer either needs to be replaced or updated. Hence the demand of the
computer will be retained. So there will be a constant demand for the computers in the market.
Price increase or decrease will not affect the demand since it is not a good that can be bought in
large quantity and stored for later use. The demand will tend to increase when there is shortage
of computers in the country. As the supply and demand of computers are in proportion, the
supply has to be maintianed.