This assignment focuses on demand, supply, and equilibrium. Let’s start with the basics. Begin your essay by providing the following information.Explain

This assignment focuses on demand, supply, and equilibrium. Let’s start with the basics. Begin your essay by providing the following information.

  • Explain the difference between a movement along demand and supply curves and a shift of demand and supply curves.
  • What can cause the above situations? Provide an example for each.
  • Describe how equilibrium is found.
  • Describe how a shift of the demand or supply curve can affect equilibrium.

Now, select an industry with which you are familiar or one you would like to study. This industry will also be used in future assignments for this course.

After selecting your industry, identify a product or service that your chosen industry produces. Add the following information.

  • Define the current status of supply and demand for the product or service you identified.
  • Identify at least one factor that has caused the supply curve to shift for that product or service.
  • Identify at least one factor that has caused the demand curve to shift for that product or service.

Your essay must be a minimum of two pages, not counting the reference page. Be sure to include an introduction. Use a minimum of three peer-reviewed scholarly sources; at least one of these must come from the CSU Online Library. 

Information regarding peer-reviewed articles can be found in the tutorial Peer-Reviewed Articles.

All sources used, including the textbook, must be referenced. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Module 2 – SLPCost AnalysisAssignment OverviewCost Analysis Understanding the interaction between costs, breakeven points, economic changes, and the

Module 2 – SLPCost AnalysisAssignment OverviewCost Analysis Understanding the interaction between costs, breakeven points, economic changes, and the broader economy is important for business planning. It helps organizations adjust pricing, manage expenses, and forecast profits.  ***SLP 2 Must be Completed Before Case 2*** Module 2 SLP Resources Variable Cost vs.

Module 2 – CaseCost AnalysisAssignment OverviewPricing Considerations Analyzing accounting data is essential for informed financial decisions and

Module 2 – CaseCost AnalysisAssignment OverviewPricing Considerations Analyzing accounting data is essential for informed financial decisions and long-term sustainability. Large quantity price reductions boost sales but impact profit margins. Discontinuing a product affects supply chain, finance, and customer relations, while make-or-buy decisions influence cost control and operational efficiency, shaping overall

Module 1 – CaseFinancial ReportingAssignment OverviewCompare Traditional Reporting vs. TBL Reporting Traditional reporting focuses solely on financial

Module 1 – CaseFinancial ReportingAssignment OverviewCompare Traditional Reporting vs. TBL Reporting Traditional reporting focuses solely on financial performance, while Triple Bottom Line (TBL) reporting evaluates financial, social, and environmental impacts, providing a broader view of a company’s sustainability and long-term value creation. In analyzing trends over five years of financial

Module 1 – SLPFinancial ReportingAssignment OverviewTraditional and Triple Bottom Line Reporting For managers in all departments, analyzing Traditional a

Module 1 – SLPFinancial ReportingAssignment OverviewTraditional and Triple Bottom Line Reporting For managers in all departments, analyzing Traditional and Triple Bottom Line Reporting is important for making informed decisions that balance financial performance with social and environmental responsibility. It helps managers align strategies with sustainability goals, drive innovation, and support

Option #2: Ace Fertilizer Company: Ethical Cost Allocations and Price Determination Read the case: Kreuze, J. (2009, September). Ace fertilizer company:

Option #2: Ace Fertilizer Company: Ethical Cost Allocations and Price Determination Read the case: Kreuze, J. (2009, September). Ace fertilizer company: Ethical cost allocations and price determination.Links to an external site..  IMA Educational Case Journal, 2(3), ART. 3. Case Requirements: Prepare a paper and address the following questions: Did Abby compute the