his is the Discussion Board assignment for Unit #5. You will need to post your own response, and provide at least one thoughtful response to another student's post in order to receive full credit.

In this discussion board, I want you toexplain a recent price change that you have observed.

I'd like you to write a short discussion board post wherein you describe a recent price change that you have observed in some good or service that you purchase. Then, I want you to give one possible (reasonable) explanation for that price change and discuss why you think this is the likely cause of the price change. In addition to posting your own price change example, I want you to reply to at least one post from one of your classmates and give an alternative explanation for the price change example they give.

Guidelines:

• Do not use goods like oil or gasoline that show up in the textbook, etc. Choose something not so obvious if possible.
• Make sure your explanation for the price change (and your alternative explanation for someone else's price change) refers to the list of supply or demand shifters.

Example: I could say that I noticed the price of apple cider increasing at the grocery store, and I could explain how I thought this was a result of a bad late-season freeze that killed a lot of the apple crop. This increase in the price of an input (apples) caused supply to shift to the left, raising the equilibrium price. Someone else could offer a counter example and say that as summer turns into fall, consumers' preferences change and demand for apple cider increases, and this also pushes up prices.