Supply, Demand Equilibrium

 

Explain the difference between a movement along demand and supply curves and a shift of demand and supply curves. What can cause the above situations? Provide an example for each. Describe how equilibrium is found. Describe how a shift of the demand or supply curve can affect equilibrium. Now, select an industry with which you are familiar or one you would like to study. This industry will also be used in future assignments for this cour​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​se. After selecting your industry, identify a product or service that your chosen industry produces. Add the following information. Define the current status of supply and demand for the product or service you identified. Identify at least one factor that has caused the supply curve to shift for that product or service. Identify at least one factor that has caused the demand curve to shift for that product or service.

 

Sample Solution

Supply, Demand Equilibrium

A movement refers to a change along a curve. On the demand curve, a movement denotes a change in both price and quantity demanded from one point to another on the curve. Meanwhile, a shift in a demand or supply curve occurs when a good`s quantity demanded or supplied changes even though price remains the same. Equilibrium is a state in which market supply and demand balance each other, and as a result prices become stable. Generally, an over-supply of goods or services cause prices to go down, which results in higher demand – while an under-supply or shortage causes prices to go up resulting in less demand.

The Autobiographical story “Coming to an Awareness of Language” by Malcolm X portrays the vivid experiences of his own personal development. It also furthers the benefit of education, by referencing his own. Malcom X’s education is not a conventional one, with typical schooling. It is rather an education of racism both on the streets, and out in the world – but Malcolm is consistently learning from his experiences, building his education.

Throughout your life, you will encounter those who haven’t been educated, these people are imprisoning themselves from the world around them. They are faced, on a daily basis with innumerable struggles and issues due to their illiteracy and lack of knowledge. They are forcing themselves from bettering themselves as they no not how.

Malcom X introduces his essay with “I’ve never been one for inaction.”, automatically alerting the reader of the tone which will continue throughout. By doing so he challenges the reader to subconsciously prove that they are also an ‘active’ person by continuing reading. The line acts as a hook, demonstrating the powerful message Malcolm X is trying to portray.

The main theme conveyed in this essay was the freedom which education provides you. “Anyone who has read a great deal can imagine the new world that opened.” Towards the end of his life Malcolm’s main mission was to explain and convince people to learn how to read and write. He tried to share the freedom which he felt once he had mastered the English language, this was what he was primarily trying to share.

“A Talk to Teachers” by James Baldwin was a pitch to change the views of society’s

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