A Discussion Forum related to applying relevant module material to COVID-19 analysis. In this forum, you are
Question:
A Discussion Forum related to applying relevant module material to COVID-19 analysis. In this forum, you are to consider supply and demand analysis in a recent headline. This can be either a full article you have read or comment within a broader piece. Then complete all columns of a row in the table below. Please read articles related to covid-19. The idea is to consider how COVID-19 has led to supply and demand shifts in specific markets (1-2 markets simultaneously). Please answer the ff:
Headline: (cite the article)
Market Curve Affected and Determinant (ex. In-store groceries shopping, customer tastes) 2-3
Which direction (ex: Increase demand) 2-3
Effect on price (rise or fall) (ex: Prince Increase) 2-3
Here is the example work:
Headline | Market Curve Affected and Determinant | Graph reference | Which direction | Effect on price (rise or fall) |
“We Worked Out” | Gym memberships demand; tastes and preferences | Module 6, slide 5 | Decrease demand | Decrease price gym memberships |
“We Worked Out” | Fitness apps demand; tastes and preferences | Module 6, slide 5 | Increase demand | Increase price fitness apps |
“We Worked Out” | Gym memberships demand; price related good | Module 6, slide 3 | Increase demand in longer term | Substitute good price has risen; so more demand for cheaper option when safe: |
Auditing A Risk Based Approach to Conducting a Quality Audit
ISBN: 978-1305080577
10th edition
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg