1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin2010 [14]
3 years ago
6

Information: Products and services usually follow a very predictable pattern of change over time, but every once in awhile a maj

or shift happens. This could be because of global conflicts (like war in gas-rich areas) or false rumors (think toilet paper). Regardless of the reason, these abnormal shifts and they can really mess up traditional economic reporting.
Directions: So far the idea of supply and demand shifts have been discussed in small terms, such as a grocery store having more bananas one week or a sale on a certain product. What happens, though, when a HUGE change happens to the supply or demand of a product? For example, every year there is usually an "it" toy for the holiday season, what type of dramatic (but temporary) shift in supply and demand do we see for that product? That is what you're going to research.

For this project, you will need to come up with a specific example of a product or service that experienced a dramatic shift. You may need to talk to a grown-up or brainstorm with a classmate to think of something to research. I already gave the example of an "it" Holiday toy, so you could research a specific one from a specific year. Another general example would be gas prices. You'd want to find a time where there was a huge shift, not just the daily up and down of gas prices. Once you've come up with this topic, you will research it online and find out the following requirements for your project.

Project Requirements:

A specific supply and demand topic
Explanation of what led to the shift
How the change in price, supply, or demand affected the other two things
How long the abnormal shift lasted/What caused it to return to a normal?
Project Types:

Students can present their information in a variety of ways including an essay, PowerPoint-style presentation, poster board, video presentation, etc. Remember that this assignment is worth 100 points, so expect more than just answering the questions above on bullet points. If you were to write an essay, I would expect 5-7 full paragraphs, use that as you determining factor for whatever project type you are using.
Social Studies
2 answers:
ad-work [718]3 years ago
6 0
You really want someone to do a whole assignment for
Luden [163]3 years ago
3 0
Complete the ENTIRE project yourself...
You might be interested in
A language uses a combination of rising and falling pitch to change the meaning of words. Native Foreign Tonal Extinct​
Nookie1986 [14]

Answer:

yeah sorry

Explanation:

3 0
3 years ago
Read 2 more answers
What do you think makes natural resource valuable?
rodikova [14]
How quickly supply can be met, how much of the resource there is in existance, and how quickly the resource produces itself.
7 0
3 years ago
Read 2 more answers
How do command economies compare to market economies?
Komok [63]

Answer: Market economies utilize private ownership as the means of production and voluntary exchanges/contracts but in a command economy, governments own the factors of production such as land, capital, and resources.

Explanation:

7 0
2 years ago
10. Which atmospheric layer is least dense?
Sati [7]
Stratosphere hope I am correct
6 0
2 years ago
Seth is a competitive body builder. He says he has to have his 12-oz package of protein powder to "feed his muscles" every day.
DaniilM [7]

Answer:

(A) It is perfectly inelastic

Explanation:

Demand elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of price changes. When price goes up and demand goes down a lot, demand is said to be price elastic. When price rises and demand does not change significantly, demand is said to be inelastic to price.

Demand is perfectly inelastic when changes in price will not alter demand at all. This occurs when the good is considered an essential good to the consumer. This is the case of a bodybuilder, who needs a certain product every day to maintain his muscles. This person gives so much value to the product that even if the price increase is considerable, he will not decrease consumption at all.

3 0
3 years ago
Other questions:
  • Describe the social system of feudalism. <br><br> *Worth 25 point*
    5·1 answer
  • List two English mistakes that Lewis made in his journal entry
    5·1 answer
  • A(n) ____ is used to anticipate, react to, and recover from events that threaten the security of information and information ass
    15·1 answer
  • What did Charles Darwin notice about the flinches tortoises and iguanas on his islands
    9·1 answer
  • Which sentences describe the discipline of the natural sciences?
    6·1 answer
  • Imagine that you are a citizen of a country in which a larger country comes in to expand its social, political, and economic pol
    15·1 answer
  • Which phrase describes income effect
    5·1 answer
  • Can someone help me ASAP
    8·1 answer
  • Why do we respect eavh other​
    7·1 answer
  • In what year did congress pass legislation forbidding companies with more than 25 employees from discriminating against disabled
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!