- NO NUMBERS NEEDED CONCEPT! Microeconomics: Case Study 1. Classification as One of the Four Basic Market Models A Selec

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No Numbers Needed Concept Microeconomics Case Study 1 Classification As One Of The Four Basic Market Models A Selec 1 (46.33 KiB) Viewed 31 times

- NO NUMBERS NEEDED CONCEPT! Microeconomics: Case Study 1. Classification as One of the Four Basic Market Models A Select a company from a current business periodical or where you work, and state which market model is represented by this company. Explain your reasoning using a narrative format. (USE CHART, WB PG. 245) B. State the basic industry problem and proceed to analyze using the following methodology where appropriate. Be sure to include the six (6) graphs, as indicated. 1. Supply & Demand and the Price System Graphs A. What is the current demand situation is the curve changing (use graphs)? Graph #1: Demand Curve and any Changes (CHOOSE ONE): 1. Curve shift and underlying causes 2. Movement along the curve and causes B. What is the current supply situation is the curve changing (use graphs)? Graph #2: Supply Curve and any Changes (CHOOSE ONE): 1. Curve shift and underlying causes 2. Movement along the curve and causes C. Market Equilibrium (use graphs) Graph #3: Demand & Supply Curves with Changes 1. Surplus/shortage (where appropriate) 2. Price ceilings and price floors (where appropriate) 1. Superior/normal or inferior goods D. Changes in Income & Results