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.

BUS530 SLP 1

Your Name

Trident University International

BUS530 Managerial Economics

Due Date

BUS530 SLP 1

Remember to always indent the first line of a paragraph (use the tab key) or paragraph formatting (see below). The introduction should be short (2-3 sentences). The margins, font size, spacing, and font type (bold or plain) are set in APA format. While you may change the names of the headings, do not change the formatting or style of font except as specified below. This template uses Times New Roman 12-point. You may also use: Calibri (11), Arial (11), Georgia (11) or Lucida Sans Unicode (10). 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.

**********NEW DATA AND SCENARIOS ARE USED EACH SESSION**********

If you procure old assignments from students or websites and use the data for your assignment, you will receive a zero because it is considered a violation of the University's academic integrity policy. The case will be referred and become part of your collegiate record. In certain circumstances, you may be awarded an F for the course.

If you are taking this class for a second time, submission of past work involving the data sets will result in a zero for the assignment. Your answers will be wrong since you are working with a different set of numbers and a different industry.

**********NEW DATA AND SCENARIOS ARE USED EACH SESSION**********

Supply and Demand

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)

Supply and Demand Research

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 3/4 of a page in length. (Research required)

Supply and Demand Analysis

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 1 1/2 pages in length. (Research required)

Conclusion

Add some concluding remarks: 2 to 3-sentence conclusion.

References

Below are some basic rules to follow when creating a reference list:

Begin your reference list on a new page.
The word References should be centered and bold at the top of the page.
Double-space your reference list.
For each author, list the last name first followed by the initials for their first and middle names.
Arrange your reference list alphabetically by the last name of the author.
Use a hanging indent after the first line of your citation (Word does this for you). Type your entry and then click “Paragraph” on the HOME tab to create the “hanging indent.”

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. 1

APA has a handout for the most common types of references.