1. Supply and Demand Article Analysis
A. Title of article:
B. Url:
C. Date of article:
D. Change in price of product: (up or down)
E. Vocabulary terms we've studied that appear in the article:
F. Terms in the article that I have questions about:
2. Demand determinants(s) discussed in the article: Did the..
A. Price of a complementary good change? If yes, explain:
B. Price of a substitute good change? If yes, explain:
C. Income of consumers change? If yes, explain:
D. Number of potential consumers change? If yes, explain:
E. Tastes of consumers change? If yes, explain:
F. Consumer expectations about the future change? If yes, explain:
G. Or was there simply a change in QUANTITY DEMANDED? If so, explain:
3. Supply determinant(s) discussed in the article: Did the..
A. Technology used to make the good or service improve? If so, explain:
B. Cost of resources (inputs) used to make the good or service change? If so, explain:
C. Price sellers could get for selling other goods or services made with the same resource change? If so, explain:
D. Taxes or regulations for making the good or service change? If so, explain:
E. Sellers' expectations about the future change? If so, explain:
F. Number of sellers change? If so, explain:
G. Or was there simply a change in QUANTITY SUPPLIED? If so, explain:
I'm sorry, but I cannot answer this question as it requires specific information from an article that I don't have access to. However, I can provide you with a general understanding of supply and demand determinants.
Supply determinants refer to factors that affect the quantity of a product or service that suppliers are willing and able to produce and offer for sale. These determinants include changes in technology, the cost of resources, prices of other goods or services, taxes or regulations, expectations of sellers, and the number of sellers in the market.
Demand determinants, on the other hand, are factors that influence the quantity of a product or service that consumers are willing and able to purchase. These determinants include changes in the price of complementary or substitute goods, consumer income, the number of potential consumers, consumer tastes or preferences, consumer expectations about the future, and changes in quantity demanded.
To analyze an article using these determinants, you would need to identify any changes in these factors mentioned in the article and explain how they impact the supply or demand of the product or service discussed. By examining these determinants, you can understand the forces that drive changes in prices and quantities in a market.
If you have any specific questions about the concepts or need further clarification, feel free to ask!