Grantham BA 201 Week 2 “Supply and Demand”
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Products
|
Event
|
Market for:
|
|
Economic growth is
expected to improve in the next two quarters.
|
Aluminum
|
|
Gasoline
|
|
|
The Japanese
government has decided to subsidize its domestic automobile producers with
stimulus money.
|
Automobiles
|
|
Manufacturers who
use plastic as an input have access to cheaper plastic.
|
Manufactured goods
that use plastic as an input
|
Using the table, for
each line item, write a paragraph describing how the market for each specific
product will be affected by the associated event. Describe which curve will
shift (demand or supply or both), what effect it will have on price (rise or
fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a paragraph.
|
Grading Criteria Assignments
|
Maximum Points
|
|
Meets
or exceeds established assignment criteria
|
40
|
|
Demonstrates
an understanding of lesson concepts
|
20
|
|
Clearly
presents well-reasoned ideas and concepts
|
30
|
|
Uses
proper mechanics, punctuation, sentence structure, and spelling
|
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