“Supply and Demand in the News: Analyzing Real-World Examples”

JTCC Micro 202 S&D Assignment.
50 Points
Students,
You will need to create a power point presentation or google slides based on 5 (five) of the below news
articles and then answer the following questions to help demonstrate your understanding of supply and
demand.
Directions:
Step #1 will be to read the articles related to supply and demand which are linked below for of these.
Step #2 will be to fill out the chart below
Step #3 will be to create a graph based on the chart that demonstrates a shift of either, supply, demand,
or no shift and correctly label the graph.
**Please refer to my example at the bottom of this page**
ARTICLES
1. Chili peppers, coffee, wine: How the climate crisis is causing food shortages
Article: https://www.theguardian.com/environment/2022/jun/28/climate-crisis-food-shortages
2. Drought and demand from Arby’s creates a brisket shortage; the article also mentions the
increase in the popularity of brisket.
Article: cbsnews.com/news/brisket-shortage-has-texas-barbecue-lovers-facing-rising-costs/
3. There is an oversupply of oil from increased North American and Saudi Arabian production.
Article: businesstoday.intoday.in/story/oil-prices-brent-crude-extends-loss-on-supply-glut-
jan14/1/214565.html
4. The microchip shortage explained.
Article: https://www.usatoday.com/story/tech/2021/04/02/chip-shortage-car-prices-tech-
items/4849838001/
5. Movie ticket prices continue to increase.
Article: https://247wallst.com/media/2021/03/29/this-is-the-price-of-a-movie-ticket-in-the-
past-25-years/
6. Piano stores close down as fewer young people are taking up the instrument. The article also
mentions that technology has improved so that pianos last longer.
Article: lehighvalleylive.com/music/index.ssf/2015/01/piano_stores_closing_sales_plu.html
7. Consumers become more health conscious and reduce their consumption of donuts.
Article: newsmax.com/health/Health-News/sugary-processed
foodspastries/2014/12/29/id/615359/
8. The increase in Mexican immigrants and an increase in popularity for Mexican cuisine has
resulted in greater consumption of tortilla chips.