Sign In
Not register? Register Now!
Essay Available:
Pages:
3 pages/β‰ˆ825 words
Sources:
4 Sources
Style:
APA
Subject:
Mathematics & Economics
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 17.5
Topic:

Changes in Market Demand and Market Supply for a Commodity

Research Paper Instructions:

Analyze the changes in market demand and market supply for a commodity (a good or a service). In addition, analyze how the changes in demand and supply affected the market price and production of this commodity. Address the key factors (determinants) that have caused the shift in demand and/or the shift in supply. Provide an objective analysis of the forces that have caused this change to better understand the behavior of the market and to determine the potential growth or decline for this commodity.
Some of the commodities that have experienced a drastic change (an increase or a decrease) in supply and/or demand in recent years are organic foods, cage-free eggs, social media, higher education, online education, healthcare services, online banking, online shopping, DVD players, digital cameras, fidget spinners, health clubs, bottled water, landlines, Cash for Gold, and fried food. Pick one or your own.
Determine changes in its market demand, market supply, equilibrium quantity (output), and equilibrium price.
Research needs to be structured with consistent and clear thoughts. It also needs to be supported by actual data. Conclusion and opinion need to be thorough and based on your findings and understanding of supply and demand determinants.
Writing Style (APA) and Page Number Requirements
Font Type: Times New Roman or Arial
Font Size: 12
Spacing: Double
Number of Pages: 3 - 5 pages, not counting the separate Title page and the separate References page
Structure and Requirements:
• Title Page
o Title of the paper
o Name of the author
o E-mail address of the author
o Class name
o Professor's name
o Date
• Introduction
o Describe your commodity and the market that commodity targets (geographic or demographic).
o State when, how, and why the commodity has became popular or less popular.
o State the factors (demand determinants and supply determinants) that have caused its supply and demand to change and how those changes affected it price. Basically, why has demand and supply for that commodity changed?
• Data
o Obtain data from at least three credible sources (not Wikipedia) to provide facts about the changes in demand and supply.
o Use tables, graphs, and figures to support your argument. You could use figures that show the changes in demand and supply, as well as changes in the market price for the commodity.
• Analysis
Use the findings from your data section to fully explain the growth or decline pattern of the supply and demand. Is the commodity growing or is it declining, and why? If it is growing, state the factors that led to its growth. If it is declining, state the factors that led to its decline
• Conclusion
Provide your own final thoughts, opinion, and understanding of the outcome. Do you believe this commodity is profitable for its producers? Or should they provide something different instead? Or should they modify the commodity? Moreover, if you were to produce this commodity, what would you do to increase your revenue?
• Reference List
Use at least three professional sources to support your argument. The references need to be in APA format.

Research Paper Sample Content Preview:

Microeconomic Analysis: Supply and Demand
Student Name
Institutional Affiliation
Date
Microeconomic Analysis: Supply and Demand
Introduction
           The commodity chosen is online education, which involves gaining skills and knowledge through electronic devices via the internet. Online education allows tutors to reach all learners more flexibly and teach them the relevant skills without necessarily requiring them to attend traditional regular classes. Since students can attend classes from any part of the world, online education targets learners from all geographic locations. Online education has become popular in recent years because of technological advancements, which have made it possible for people to connect from different parts of the world. In particular, online learning became more popular during the peak of the COVID-19 pandemic, when schools recognized that learners could no longer attend physical classes due to social distancing rules. The factors that have increased the demand for online education include:
* Technological advancements.
* Lower costs compared to traditional learning.
* Changing attitudes toward the type of learning.
On the other hand, the availability of internet connectivity, an increase in online courses, and the need for institutions to be flexible have increased the supply of online education. 
Data
           In the fall of 2020, 75 percent (11.8 million) of all undergraduate learners were taking at least a distance course, with 44 percent (7.0 million) of all undergraduate students exclusively taking distance education courses (National Center for Educational Statistics, 2023). Before the COVID-19 pandemic, the enrollment of students in online learning was 6 million. However, after the pandemic, the number increased to 11.8 million, a 97% increase (National Center for Educational Statistics, 2023). In 2023, revenue from online learning increased to $57.42bn, and it is expected to grow at an annual growth rate of 2.95%, leading to a market volume of $64.50bn by 2027 (Statista, 2023). This signifies an increase in the supply of online education in the coming days. User penetration for online education is expected to reach 9.5% by the end of 2023 and increase to 11.4% by 2027 (Statista, 2023). China is projected to experience the highest revenue growth of $41.73bn in 2023, with a user penetration of 22.1% (Statista, 2023). The highest rate of online learning growth came from emerging economies. For instance, data from Coursera, one of the online platforms providing education, demonstrates that 20 million new learners registered for courses in 2021 (World Economic Forum, 2022).  
This graph represents the demand and supply curve for online education. The shift in both the demand and supply curves represents the simultaneous increase in demand and supply of the commodity. The initial demand is D1 (6 million students), with the initial supply S1. However, since the pandemic, the demand has i...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Research Paper Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now