ESSAY
II
Due:
Find
an article, which isn't over two weeks old, that reflects a change in demand for a product or service.
Type a ONE
PAGE DOUBLE SPACED ESSAY explaining how this change affects demand of that product or service. Use a demand curve to support
your position. The Wall Street Journal, the Investor's Business Daily, Business Week, Time, Newsweek, the S.F. Chronicle or
the C.C. Times are some suggested sources. You MAY NOT USE THE INTERNET. The
article shouldn’t be over 2 weeks old. (type
in 12 font or larger) More than 1 page = - 20 points
HIGHLIGHT
and/or UNDERLINE the pertinent information in the article that indicates the change(s) in demand. 10 Points
Suggestions:
1) Summarize the article in your opening
paragraph indicating what kind of change is taking place. 10 Points
2) In the next paragraph, explain what is changing
and why it is changing (refer to the 5 reasons that cause a change in demand as reflected in our text and indicate which reason(s)
are at work here). You must use the correct terminology from our text to explain the change(s). Use those definitions to support
your position. 40 Points
3) In your closing paragraph, indicate what you
think will happen next; forecast how this change(s) will affect future price and quantity of the good or service. 10 Points
On the front or back of your essay page, produce a graph that reflects
the shift in demand described previously.
1) Title the "x" and "y" axis so that one will know which is price and which
is quantity.
2) Indicate with the demand curve (D1) what existed before; and next to that curve, produce another curve
that indicates what you think is going to happen; i.e. this would be your forecast based on the information in the article.
Proper location of D2 curve line will indicate an increase or decrease to support your prediction. (use your text to reference
how shifts in demand curves are properly represented... Chapter 4) 20 Points
3)Neatly
attach your article to your essay with no excess hanging over. 10 Points
WRITTEN
EVALUATION: 100 points
REMEMBER: NO LATE WORK ACCEPTED