Problem
Select a market that is of interest. Use what you know about this industry and knowledge from this course to answer the questions below. Markets that might be of interest (or select your own market of interest):
1) Housing market (or housing rental market) in Toronto/Ontario/Canada or any other location.
For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support your conclusions.
1) Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves.
2) Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves.
3) Identify and explain one government intervention relating to this market. Explain the government's economic objective and illustrate the impact on the market using supply and demand curves.