Write a short paper approximately 1-2 typed pages including 5 paragraphs and a graph. Outline of the paper:
1. Title
2. Introduction
a. Short paragraph including the title and full citation of the article, and
identify the market that is the focus of the article.
b. Provide a concise summary of the article, including the market for the
specific good/service traded and the underlying change (shift) in the
supply or demand. Briefly describe any market effects of the shift
discussed in the article.
3. Economic Analysis
a. Focusing on the market for the specific good or service discussed in your
article, clearly describe the change in demand or supply that has occurred
and explain the effect on demand or supply.
b. Supply/Demand Graph
i. Illustrate in a graph the effect of the change in demand/supply on
the equilibrium price and quantity of the good.
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