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QUESTION

May 20, 2017

micro SE week 2

Suppose that there is a market for Christian books in California. A series of strong earthquakes occurred in 2017, causing landslides, fires, building and roadway collapse. At the same time, a lot of people died or lost their homes. How do you think this disaster will affect the demand of Christian books in 2017? What will happen to the market equilibrium price and quantity of Christian book in 2017, as opposed to those in 2016? Discuss this using the concept of change in demand or/and supply. (Due: Day 4 by 11:59pm; word count: minimum 300 words)

Levels of AchievementCriteriaSuperiorAbove averageAverageBelow average
Analysis
Weight 50.00%
90 to 100 %
Developed content with a clear point of view and draws insightful and consistent conclusions defended by relevant economics concepts and theory
80 to 89 %
Developed content with a clear point of view with some gaps and draws fairly consistent conclusions defended by relevant economics concepts and theory
70 to 79 %
Developed content with an ambigous point of view with some gaps and draws consistent conclusions, but not defended by relevant economics concepts and theory
0 to 69 %
Does not develop content with a clear point of view and conclusions are inconsistent and illogical.
Organization
Weight 30.00%
90 to 100 %
The structure of content is strong and helps readers move through the text smoothly. The content contains effective transitions between paragraphs.
80 to 89 %
The structure of content has a clear organizational structure, and helps readers to understand fairly easy, but slightly lacks effective transitions between paragraphs
70 to 79 %
The structure of content is understandable, but significantly lacks effective transitions between paragraphs
0 to 69 %
The content lacks coherence, and requires readers to reread substantial portions
Words Length
Weight 20.00%
90 to 100 %
Word count is greater than 300
80 to 89 %
Word count is greater than 200, but less than 300.
70 to 79 %
Word count is greater than 100, but less than 200.
0 to 69 %
Word count is less than 100