Discuss: The factors contributing to movements along different points on the same demand curve, and the factors contributing to the demand curve shifting to the right or to the left of its original position. (Also, identify actual examples).
Discuss the factors contributing to movements along different points on the same supply curve, and the factors contributing to the supply curve shifting to the right or to the left of its original position. (Also, identify actual examples).
Also, reflect on “market failures.” Discuss the reasons for their occurrence and their social consequences.