This week, we delve deep into the intricacies of supply and demand and the facto

This week, we delve deep into the intricacies of supply and demand and the factors that influence these fundamental economic elements. In our rapidly evolving economic landscape, specific markets experience significant shifts in supply and demand due to various factors.
Reflect on a personal experience or a current event in the past month where you observed a notable change in either supply or demand in a specific market. Attach a supply and demand chart or other graph illustrating the change, whether it’s a shift in the supply curve, demand curve, or both.
Instructions:
Clearly define your chosen market.
Describe the situation or event that led to the observed change. Include a link to a news story or event highlighting the recent and real event.
Identify and explain the specific factors influencing the supply and/or demand shift, referencing elements from our lectures.
Offer your perspective: Do you believe these changes are temporary blips or indicators of a long-term trend? Why?
After submitting your original thread, read through some of your peers’ examples and reply to at least two posts. Engage critically, offering alternative insights or expanding on their points.
For full credit, ensure that:
Your original post is a minimum of 300 words.
You include a relevant graph depicting the supply and/or demand shift.
You reply to at least two peers with substantive feedback.