Please do it as early as possible. Please do not copy from anywhere cz last time I post the same question and the and was 100 plagiarism.Thanks

Homework (25% of final grade) - Supply and Demand Assignment

The paper should consist the following sections: the title page, main body, and references.

Select a market that is of interest. Use what you know about this industry and knowledge from this course to answer the questions below. Markets that might be of interest (or select your own market of interest):

• Housing market (or housing rental market) in Toronto/Ontario/Canada or any other location
• Market for mobile phone service
• Market for tablets (i.e. iPad, Samsung Galaxy Tab, etc.)
• Market for groceries
• Market for community college business programs

For each of the questions below, explain and justify your analysis using current events and market facts you have researched to support your conclusions.

• Identify and explain two factors that have caused a shift in the demand curve. Illustrate the impact on the market using supply and demand curves. (5+5 = 10 marks)
• Identify and explain two factors that have caused a shift in the supply curve. Illustrate the impact on the market using supply and demand curves. (5+5 = 10 marks)
• Identify and explain one government intervention relating to this market. Explain the governments economic objective and illustrate the impact on the market using supply and demand curves. (5 marks)

NOTE: Please draw 2 graphs for demand-one graph for each factor, and 2 graphs for supply one graph for each factor, show new equilibrium after the effect of factor. Please choose one factor showing for increase and one for decrease in demand and supply each case. At least one graph showing the effect of government intervention.

Please upload your file (paper) in BlackBoard in Assignment folder Individual Home Assignment.

Important Information for this assignment:

• Paper should be in a descriptive form.

• Introduce your industry and tell why you are choosing it? Write about the type of competition in the industry on first page.

• Use APA latest referencing style for both in-text and at the end.

• Not more than 6 pages, 1.5 line spacing, 12 font size, font style Time New Roman, Arial, Calibri

• Start from the basic demand and supply equilibrium and then show the effect of factors on demand or supply curve with rationale.

• Each day late submission will cause 10% penalty of the grade received up to 3 days. After three days, assignment will not be accepted.
• Plagiarism report should be less than 5%, if plagiarism report shows more than 10% match, please review and improve your document and resubmit before the deadline.