please read the instructions for this assignment and make sure to follow it!

write 5 paragraphs in two pages

The key to this chapter and all of economics is identifying theDETERMINANTSthatcausedemand or supply curves toshift.The determinants are listed on folder and in the PowerPoint. You must identify thespecificdeterminants that are causing the shifts in the demand or supply as listed on folder and in the PowerPoint. You should be thinking about how the real-world events can be explained using the list ofdeterminantsintroduced in chapter 3. How can the events causing the demand curve to shift be categorized using determinants? How can the events causing the supply curve to shift be categorized using determinants? This paper must be writtenusing economic terminology,have at minimum 5 paragraphs, and relate the articles to the textbook concepts including theCOVID chapter(think the toilet paper shortages) and Appendix A regarding food prices:

• Explainhow thedeterminant(s), aslisted,are affecting the demand and/or supply of gas (both natural gas and gasoline).
• How do the shifts in demand and/or supply affect the prices and quantities in the article?
• Relatethis article to the current events in relation to gas prices and the current events surrounding the oil market.Some of the determinants, as listed, may be geo-political, but you must explain in the context of the list of determinants.
• Explainif governmental price controls are economically efficient. In your opinion, should the government impose price controls? Defend your oppositioneconomically.
• Explainyour conclusion on why this information from the article relates to the chapter and what you've learned from the article. Why is it important both in general and in the context of our course?

Your writing prompt should be based on the articles, "Memorial Day Weekend Gas Prices Are at a Record High. Here's Why,""Memorial Day Weekend Gas Prices are at Record High," "USDA Says All Food Prices Will Increase in 2022Especially for These 5 Foods"and "Hurricane Price Gouging is Despicable, Right?" This should be in the context of having reviewed topics 1-4 and theCOVIDchapter already.

1. https://www.nytimes.com/2017/09/11/business/hurricane-price-gouging.html
2. . https://www.aarp.org/money/budgeting-saving/info-2022/record-high-gas-prices-still-rising.html
3. https://www.cnet.com/personal-finance/gas-prices-are-at-record-highs-heres-why-they-wont-drop-anytime-soon/

4.https://www.nytimes.com/2017/09/11/business/hurricane-price-gouging.html

5. https://www.realsimple.com/food-recipes/shopping-storing/food/usda-all-food-prices-increase