Question: Locate a recent article or event (published within the last year) that highlights the microeconomics topic PRODUCT DEMAND. Select a relevant microeconomics industry and explain

Locate a recent article or event (published within the last year) that highlights the microeconomics topic PRODUCT DEMAND.

Select a relevant microeconomics industry and explain how consumer demand affects the production levels of the industry you choose. Discuss determinants that affect supply and demand. Consider whether this will shift the supply and demand curve to the left or the right and why.

Include the following:

State the article or event you selected.
Identify the microeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.

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