ES2560: Module 2 Demand and Supply

es2560_essay_2.1_1_.pdf

Essay 2.1

Laws of Demand and Supply

The purpose of this assessment is to review a recent news article based on demand and supply issues. Then

summarize the article and demonstrate your understanding of laws of demand and supply.

Assessment Description:

Find a credible news article based on laws of demand and supply. Summarize the article by identifying the

application of laws of demand and supply. In addition, explain laws of demand and supply and answer the

following questions:

 How has your knowledge of laws of demand and supply helped you understand the article better?

 Explain any exception(s) to the laws of demand and supply present in the article. In case you do not

find any exception, assume the laws of demand and supply are not present in the article and explain

how the situation in the article would change.

 What other elements of macroeconomics related to demand and supply, such as price, inflation,

and so on are present in the article? Explain their role and impact on the events of situation

explained in the article.

Submission Requirements:

Submit your response in a Microsoft Word document with the following specifications:

 Font: Arial; Point 12

 Spacing: Double

 Page length: 2 pages, excluding the APA title and Reference pages

 Include an APA title page. Refer to the sample APA title page.

 Cite the source in APA format in-text and on the Reference page.

Evaluation Criteria:

The Essay assessment will be evaluated using the following criteria:

 Did you identify a credible news article based on laws of demand and supply?

 Did you summarize the article with respect to application of laws of demand and supply?

 Did you use macroeconomic terminologies in your essay wherever possible?

 Did your thoughts flow coherently?

ES2560: Module 2 Demand and Supply

Essay 2.1

Laws of Demand and Supply

 Did you meet the page length requirements?

 Did you follow APA citation standards?

 Did you adhere to Standard English grammar, spelling, and punctuation requirements?