Describe a market and a market event of your choice. The newspapers and the internet are your friends. The essay must include the following chapters (Please label these chapters using the same format and titles as stated below). Use both graphical illustrations and paragraphs. At least one well-labeled supply-demand figure that describes the event is required. The text part of the paper should answer every question listed below and explain every figure attached.
The essay should be no longer than 3 pages, using a 12pt font on a typical A4 paper. Whatever software you use to edit your paper, save it in Word format, otherwise Moodle will not accept it. Please turn in your paper through Moodle prior to Dec 10th 23:59 pm. The due date is strictly enforced. You should practice how to turn in your report with the “Turnitin Practice” block.
The essay accounts for 20% of your total score.
Copy-pasting without proper quotation and citation is treated as cheating. The score of this assignment will be 0. The Turnitin software will automatically report if you were cheating, so please don’t test your luck.
1) What are the goods sold in this market?
2) Who is on the demand side?
3) Who is on the supply side?
4) What was the equilibrium state prior to this event?
5) What was the event?
6) What was the impact of the event on both the demand and the supply side?
7) What was the new equilibrium state?
PS: Don’t forget that use both graphical illustrations and paragraphs. At least one well-labeled supply-demand figure that describes the event is required.
Thank you so much and I’m really appreciated your help.
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