Select an article in a newspaper or magazine that discusses a government policy on goods or services. Analyze the situation and in 600—1200 words:
- Summarize the article using at least three economic terms and theories covered in class.
- Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s).
- Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.