Discussion- Supply and Demand Drivers
Select a good or service to analyze (not a text example) and answer the following questions:
1. What are the drivers of demand (describe their impact on the demand curve)?
2. What are the drivers of supply (describe their impact on the supply curve)?
3. Is the market price for this good or service determined by the invisible hand of the market? If not, how is it determined and why?
4. Has the demand curve for this good or service shifted to the left or right in the last few years? Why?
5. Has the supply curve for this good or service shifted to the left or right in the last few years? Why?
Your posts must be substantive and must comment on, question, or challenge your classmates' thoughts.
Reference:
Use any reference you like, but Cite per APA 6th edition
Text: The Macro Economy Today
Author: Schiller, B.
Publisher: McGraw-Hill
Ed/Year: 13th/2013
ISBN: 9780077416478.