Module 1 - Case EQUILIBRIUM, SUPPLY AND DEMAND Assignment Overview Supply and Demand in the Real World A commodity is the focus of this case which uses real data for price fluctuations over 6 months.

Module 1 - SLP

EQUILIBRIUM, SUPPLY AND DEMAND

Assignment Overview

Professional Application with Excel

Throughout the MBA program, you will have multiple opportunities to work with Excel using discipline-specific tools. Beyond learning to analyze data, it is crucial to apply findings for practical situations. Combining data, economic theory, and research provides hands-on practical projects for graduate candidates.

Session Long Project 1 Resources
How to Draw Demand Curves in Excel (2020)
How to create a simple supply and demand graph in Excel (2021)
Supply (2020)
Demand (2020)
Market Equilibrium (2020)

SLP Assignment

Data Analysis with Excel

Using the Data Supplied, create a supply and demand graph for the product. Add axis titles and a chart title. How to Label Figures in APA Format

Describe the relationship and state the equilibrium. Discuss the importance of equilibrium. (Research required)

Research the product from an economic standpoint. Describe what has occurred with the product over the last year and future projections for the product. Select information pertinent to economics. This section must be ¾ of a page in length. (Research required)

Describe two scenarios in which this product’s demand and supply change. How do each affect buyers and sellers? Discuss implications of shortage and surplus given the current state of the product market and future forecasts. This section must be 1½ pages in length. (Research required)

No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate.

Assignment Expectations

Use the attached APA-formatted template (BUS530 SLP1) to create your submission.

• The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.

Your submission will include:

• Trident University International’s cover page

• A paper with APA citations (2- to 3-sentence introduction, body (includes Excel output), 2- to 3-sentence conclusion)

• The reference list page in APA format

• Excel Spreadsheet. Grade will not be posted without Excel upload.