Topic: Looking Around - Economic Theory as Evidenced in a Current Affairs News Article

Reflection #1: Article will be related to and discuss Microeconomic Principals. (Eg. Supply and Demand, Elasticity)

You are to 'connect' a situation and information from a current news article to the economic theories and concepts we have studied in class. What is the connection between our studies and the article? How do our studies help explain the information in the article? How do our studies help you better understand the information in the article?

Be specific in your connection. For example, if you are saying that 'Demand increases' you should explain why the demand is increasing. What is the determinant of demand causing it to increase? Use specific terminology.

500 words.

https://www.cp24.com/news/minimum-wage-up-in-six-provinces-but-15-an-hour-pay-floor-no-longer-enough-1.6094099

Use the link above as a news article.