Supply and Demand
In this assignment, we are going to analyze the changes in market demand and market supply for
a commodity (a good or a service). In addition, we are going to analyze how the changes in
demand and supply affected the market price and production of this commodity. To do so, we are
going to address the key factors (determinants) that have caused the shift in demand and/or the
shift in supply. The goal here is to provide an objective analysis of the forces that have caused
this change to better understand the behavior of the market and to determine the potential growth
or decline for this commodity. Some of the commodities that have experienced a drastic change
(an increase or a decrease) in supply and/or demand in recent years are organic foods, cage-free
eggs, social media, higher education, online education, healthcare services, online banking,
online shopping, DVD players, digital cameras, fidget spinners, health clubs, bottled water,
landlines, Cash for Gold, and fried food. You could use one of these commodities for your study
or choose one you are familiar with or prefer.
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APA Format, 918 words