Micro Economics Question

Project Content

1. 
   
   For this assignment you must find either a news video or news article pertaining to a current supply and demand microeconomics example in the real world. You will write 2-3 paragraphs (a paragraph is at least five sentences) summarizing the article, how it pertains to what we have learned about supply and demand, and a provide a graphically illustration supporting the article and illustrating the economic change or situation. I will also need the link to the article please.
   Here is an example:https://9to5mac.com/2019/04/30/airpods-supply-demand-q2-2019/I would write a summary of the article.
   I would explain that this is an example of a shortage due to Apple has actually put a “price ceiling” on itself by pricing air pods too low. So non-price rationing occurs to eliminate the shortage. To eliminate the shortage, the price will increase through situations such as buying for a higher price on ebay, having to order them and wait, or going without.
   I would also a graph illustrating this market situation and a paragraph (5+ sentences describing the situation and applying what you learned)
   So your final submission will contain the following:1. link to article or video2. complete paragraph summarizing3. complete paragraph explaining how this relates to what you learned in class3. graphs of supply and demand supporting You can either draw the graphs using insert shapes, draw by hand and scan or take a picture (with phone) and attach, and upload onto BB (or email me).
   Any questions, post on the discussion board link or email me. You can either upload directly onto BB or email me your assignment.This is due at Monday, May 2 at 11:59 pm..