We have learned the principles of both supply and demand through in-class lessons, assessments and readings in our textbook. Using your
We have learned the principles of both supply and demand through in-class lessons, assessments and readings in our textbook. Using your knowledge and through your own research and analysis, submit a 2-3 page, typed and double-spaced essay in response to the prompt below. You may use your notes from class, information that you acquire from the textbook, and through your research findings. Citations are necessary, in MLA format, since you will be including your own sources. Prompt: Pick one of the following events and answer these questions. What market/s did this event have an effect on? What were these effects and why did they occur? Reference the following topics in your response: Changes in price Shifts in demand Which factors shifted demand Shifts in supply Which factors shifted supply Elasticity (of supply & demand) Which factors shifted Equilibrium/Disequilibrium Shortages? Surpluses? What do you predict will happen in the future of the market/s you’re analyzing and why? LIST OF CHOICES: The Netflix release of the movie “The Queen’s Gambit” In n’ Out restaurant chain opening up 3 locations in Colorado The HBO MAX release of “WW 1984” The recent legalization of Marijuana in New Jersey Los Angeles county deciding to restrict outdoor dining again The release of the iPhone 12 this past November Tesla developing a new Model-S with extended battery power McDonald’s bringing back the McRib The United Kingdom’s decision to close down public transportation due to the pandemic NBA star Luka Doncic signing his shoe deal with Jordan Brand
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