***Instructions: Answer the following questions with a minimum of 150 word-count per question. Separate the questions into different paragraphs, total of at least 3 paragraphs. You can use outside scholarly sources, but the source I provided for you is a must use source. Extra notes are provided in the attachment for demand and supply shifters. Use APA Format to include in-text citation and a reference. You do not need a cover/title page. ABSOLUTELY NO PLAGIARISM!!! Please read the material prior to answering the questions. Let me know if you have any questions or concerns.
Find an article or use an example from your own business experiences in which supply and/or demand changed. Do not choose the market for labor. The analysis for a labor market is different from a typical good or service.
1. Explain which curve shifted and which shifter was affected. (If you think both curves shift, for simplicity, just choose one of the curve shifts to analyze.)
2. Discuss how equilibrium prices and quantities changed.
[Hint: Demand shifters are listed on pages 105-111 of Read 2 text. Supply shifters are covered on pages 116-119.]
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