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Think of a relevant example in your own life of how a change in the market (including information)has shifted either the supply or demand of a good

Think of a relevant example in your own life of how a change in the market (including information)has shifted either the supply or demand of a good

I’m studying for my Economics class and need an explanation.

RESPOND TO THE FOLLOWING PROMPTS IN A POST WITH A MINIMUM OF 150 WORDS

  • Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.
  • Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service

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