describe the demand shifts (positive and negative) in this market for the recent years.

Choose any market your team would like to analyze. Students should find Economics articles from the credible sources on the current trends in any market (oil, gold, coffee, chocolate, semiconductors, cars, airline industry in specific country, hotel industry in specific town/city so on). The market can be local / national / international (the team can choose any level but
keep this level consistently in the analysis). Take the articles for 2018-2022 (not earlier!). Time period for the analysis can differ from one poster to another. Students can choose the analyze the annual shifts / seasonal shifts / biannual shifts. It is important to keep the consistency in the time for the entire poster (i.e., same time frame both for demand and for supply as well as for the profit maximization analysis). Credible sources could be The Financial Times, New York Times, The Economist, Harvard Business Review, CNBC, HVS, Cornell Hospitality article so on. The information that should be reflected in the poster:

  • describe the demand shifts (positive and negative) in this market for the recent years. (15
  • describe the supply shifts (positive and negative) in this market for the recent years. (15 points)
  • draw the graph with previous and current equilibrium in the market. What happened with equilibrium price and quantity? Show in the graph and describe. (15 points)
  • are the demand and the supply elastic or inelastic in this market? Explain. Provide the calculations if possible. (15 points)
  • What will happen with the revenue and profit of one player in this market after the indicated shifts? How could a company increase the profit? Explain with words and graphs. (40 points) –
  • reference list (Harvard style) and team members
× How can I help you?