Answer to Question #108654 in Economics for Yarit gomez

Question

Find two articles from among the websites below — one which would involve a change in supply and one which would involve a change in demand.

https://www.cnn.com/
https://www.msn.com/
https://www.cbsnews.com/
https://abcnews.go.com/

For each article, answer the following questions:
Does the article discuss a change in demand or supply? Will demand or supply increase or decrease?

Use supply and demand curves to illustrate the change.

When this change occurs, what do you expect to happen to the quantity produced? What do you think will happen to the price?

Answer 1

Demand and supply are reduced due to restrictions imposed by various governments.

https://www.cbsnews.com/news/april-rent-one-third-did-not-pay-multifamily-housing-council/

Demand falls due to a decrease in the solvency of citizens, and the supply remains unchanged in the short term, with time it will increase.