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Pick a current event from the Wall Street Journal or some other
business news source that demonstrates a shift in supply or demand or
both.
In your paper, discuss the
following points in order as follows:
- List the
company the article is about and a brief overview of it
- Describe the
shift that is taking place and elaborate why you think it is a supply
shift, demand shift, or both.
- Discuss what
impact the shift will have on price in the long and short run.
- Discuss what
market structure the company is operating in (Monopoly, Oligopoly,
Perfect Competition, or Monopolistic Competition) explain your reasoning
behind your choice.
- Are the company’s
goods or services they produce elastic or inelastic.
- What current
anti-trust issues is the company currently involved in. Explain what is happening.
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