DEMAND, SUPPLY, AND EQUILIBRIUM PRICE OF TWO
SUBSTITUTE PRODUCTS
Select at least two news articles that discuss demand, supply, and equilibrium price of two substitute products, like beef and chicken; butter and margarine. It can be two articles that discuss both products, or one article about one product and another article about another product.
At least one news article should be dated within the previous two months.
Refer to week 2 content materials and use specific economic vocabulary within your discussion, i.e.
Demand for one product:
Quantity demanded,
Determinants of demand,
Shifts in demand curve, etc.
Demand for another product:
Quantity demanded,
Determinants of demand,
Shifts in demand curve, etc.
Supply for one product
o
Quantity supplied,
Determinants of supply,
Shifts in supply curve, etc.
Supply for one product
Quantity supplied,
Determinants of supply,
Shifts in supply curve, etc.
Changes in equilibrium quantity and equilibrium price for one product
Changes in equilibrium quantity and equilibrium price for another prod
Articles:
Beef
Chicken
