BUSN 5260 Current Economic Analysis week 3 questions, problems and internet questions

BUSN 5260
Current Economic Analysis
Week 3: Personal
Assignment
Some students have difficulty understanding the laws of supply and demand and
the difference between changes in demand (supply), which are caused by changes
in the respective determinates of demand or supply, and changes in quantity
demanded (supplied) which result from changes in the price of the good or the
service.
Before you complete this assignment, I suggest that you
again review Chapter 3 and my lecture material provided this week. There are
some basic principles which must be followed when constructing supply and
demand graphs, for example, price is always on the vertical axis and output
(quantity) on the horizontal axis.
I also strongly suggest that you review the website .investopedia.com/university/economics/economics3.asp”>Economic
Basics: Demand and Supply and the videos .be/ZwUce4r_iK4″>Supply & Demand Graphing Using Excel
and the .youtube.com/profile?user=richardmckenzie”>Macroeconomics
for MBA YouTube Channel, from the Internet which can be found through these
links.
If you have questions, remember to post them to the General
Questions area of the Discussion forum.

Problems
Problem 1
For each of the following draw a separate diagram to demonstrate the
answer. (Hint: Remember the difference in a change in demand [supply] and a
change in quantity demanded [supplied]. Don’t shift both curves unless
appropriate). Describe what happens to equilibrium price and sales. Explain why
or why not this makes sense in the real world.
-A-
Show the effect on the U.S. new construction residential housing market in the
event of a severe economic recession.

-B-
Show the effect on the U.S. air travel market if American Airlines unexpectedly
folds (ceases operations) overnight.

-C-
Show the effect on the U.S. domestic car market if the price of foreign cars
increases due to an exchange rate shock.

-D-
Show the effect on the market for large SUVs if the price of gasoline in the
U.S. comes to rest at greater than $4 per gallon.

-E-
Show the effect of setting the price of Super Bowl tickets at a price lower
than equilibrium price.

Internet Questions
Question 1
Visit: .cnn.com/”>CNN.com
Go to www.cnn.com and do a search using keywords: crude oil
prices. Find an article which discusses recent changes in the price of crude
oil. I want you to 1) in one full page, discuss the reasons stated in the
article explaining why the price of crude oil has changed, and 2) use supply
and demand graphs to illustrate what is being discussed in the article.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more