In our discussion of supply and demand, we considered supply/demand curve shifters. In this short paper, you
will analyze current Covid-related events in the context of two specific supply shifters. The first is “# of firms”
and the second is “technology.” These will be considered separately. You will use tools from class and graphs
in your analysis. Shutdowns, contraction of markets, and fear of infection are examples of things that affect the
# of firms. As firms have adopted to the pandemic they have transformed business models and innovated to
change the way they conduct their money-making activities. This is an example of a technology change.
Your paper should include:
1. Introduction.
2. Summary of the #-of-firms event from a news media source. You don’t need to do a detailed summary, just
what happened and why. But identify the source.
3. Perform analysis of the event using a graph and predict what will happen to price and quantity at the new
equilibrium. The initial equilibrium would be pre-Covid. The graph must be included in your paper.
4. Summary of a technology event from a news media source. This can be a different event than that of 2. You
don’t need to do a detailed summary, just what happened and why. But identify the source.
5. Perform analysis of the event using a graph and predict what will happen to price and quantity at the new
equilibrium. The initial equilibrium would be pre-Covid. The graph must be included in your paper.
6. Summary/conclusion.
The post Supply/demand curve shifters first appeared on COMPLIANT PAPERS.
