Describe and come up with an example for these three scenarios of supply and demand:

• • In thinking about product differentiation,
  • supply and demand, innovation,
  • nature of competition, and pricing,
  • what is the impact each of the three scenarios has on the market structure?
  • All citations and references should be properly cited

2)Select a current event topic from the past twelve months that relates to (Labor)

• Locate an article or video that pertains to the topic selected. The article or video can be found in any daily/weekly newspaper (online or hard copy), magazine article, journals, press releases, news media, etc. Please DO NOT use unsubstantiated sources such as Facebook, Twitter, online blogs, Wikipedia, etc.
• analysis, or evaluation of the article or video to include why you selected it and how it is relevant to (LABOR) objectives or reading. You will need to provide a copy of your source or a link