Write 800-1000 words economics paper.
Article - Dreamworld: Ardent Leisure reports loss of nearly $50 million after theme park tragedy
Paragraph 1:
Provide an introduction for your essay.
Paragraph 2:
Provide a demand and supply analysis.
For your analysis consider the following points.
- Identify the market.
- Identify and discuss the effect of any factors discussed in the article related to the market you have identified that affect either shift in demand curve or supply curve or both curves.
- Discuss the effect of each of the factors you have identified above on the initial equilibrium.
Paragraph 3:
Price elasticity of demand analysis.
- Assume the price elasticity of demand for the market.
- Discuss the consequence on the revenue of the above market when the price of the product changes.
Paragraph 4:
Externality analysis.
- Identify any externality related to the market and discuss the effect of the externality on the market.
- Provide suggestions to promote the positive externality and/or to reduce the negative externality if you have identified.
Paragraph 5:
Provide a summary for your essay.
Attachment:- Article.rar