SLP/BUS530

Equilibrium, Supply and Demand

Session Long Project 1 Resources Demand, Supply, and Equilibrium in Markets for Goods and Services (2022)Shifts in Demand and Supply for Goods and Services (2022)Changes in Equilibrium Price and Quantity: The Four-Step Process (2022) How to Draw Demand Curves in Excel How to create a simple supply and demand graph in Excel

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)

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