Find A News Article On The Internet That Describes A

Question

Find A News Article On The Internet That Describes A Find a news article on the Internet that describes a shift in the supply curve or in the demand curve. The article must be recent (within the last six months), and must not be from an encyclopedia or reference website that discusses demand and supply. Do not use blogs. Use well-established business websites or industry-specific websites. The best articles are about changes in the price and/or sales of a particular product. You then have the opportunity to demonstrate your understanding of supply and demand shifts as you explain the changes in price and quantity experienced by the product you choose. Summarize the article. (Do not quote the article, but explain it as if you were telling someone about it. If you do use direct quotes or paraphrases, remember that citations and references are required.) Explain which graph in our collection - A, B, C, or D - illustrates the shift that you identify by describing the change in price and the change in equilibrium quantity (remember the difference between a change in quantity and a change in the position of the curve - these are described in the documents linked above). Some articles may describe a situation where both curves shift. This is not common but it is possible. Do use paragraphs in your post. And do remain focused on what is in the article. Provide a full URL link to the article along with an APA-formatted reference to the article at the bottom of your submission. Important: This is a Microeconomic course. Do not choose an article discussing Macroeconomic issues: Inflation, unemployment, trade deficit, government budget deficit, etc.

Dr. Jack HW Helper · Accepted Answer

Recently, a news article titled "Electric Vehicle Sales Surge Due to Enhanced Incentives and Rising Fuel Prices" (Tesla News Network, 2024) reported a significant increase in electric vehicle (EV) sales over the past six months. The article explains that government incentives and rising gasoline prices have contributed to a substantial increase in the demand for EVs, especially among middle-income consumers seeking more cost-effective transportation options. This surge in demand has led to notable changes in the automotive market, specifically affecting the equilibrium price and quantity of EVs. According to the article, the increase in consumer interest has caused a shift to the right in the demand curve for electric vehicles. The demand curve shift is driven by factors such as enhanced government subsidies, lower entry costs for consumers, and a growing environmental consciousness. As a result, at any given price point, more consumers are willing to purchase EVs compared to before. This shift is closely reflected in sales figures, which have doubled compared to the previous period, indicating a higher equilibrium quantity of EVs traded in the market. In terms of the supply side, the article mentions that manufacturers have scaled up production in response to the higher demand. While the primary driver is the demand increase, there has also been a slight shift to the right of the supply curve due to improvements in manufacturing processes and supply chain efficiencies. However, the dominant effect is the demand increase, which pushes the market towards a higher equilibrium price and quantity. This scenario can be illustrated by Graph B in our collection, which depicts a demand curve shifting to the right, resulting in an increased equilibrium price and quantity. As demand increases, the original demand curve (D1) shifts outward to D2. The intersection of the supply curve (assumed to be stable or slightly shifting right) with the new demand curve results in a higher

Find A News Article On The Internet That Describes A

Find A News Article On The Internet That Describes A

Paper For Above instruction

References

Find A News Article On The Internet That Describes A

Paper For Above instruction

References

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