Price Elasticity of Supply & Demand:

⦁ Price Elasticity of Supply & Demand: Find a newspaper/magazine article on an INDIVIDUAL PRODUCT whose PRICE and QUANTITY SOLD has changed. The summary should indicate why the price and/or quantity has changed by noting which non-price determinants of demand or supply have changed. The article must mention at least TWO non-price determinants that have changed. If the article mentions more, then they must be discussed in the paper as well. Only one article that mentions two different determinants. Use supply and demand graphs to show changes in the equilibrium price and/or quantity. Clearly state what happened to the non-price determinants, what happened to supply and demand, and what happened to the price and quantity sold of the product as a result.

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