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Topic: Gas Prices Competition and Impact of COVID on the Gas Prices
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.
Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 1500 words for your essay is required.
Now you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:
1. What factors influence the demand for this product? What factors influence the supply of this product?
2.How have these changes in supply and demand affected the equilibrium price of this product?
3.Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?