With reference to general microeconomic theories and with the use of wider research, you must complete an essay, which analyses and evaluates the reasons for changes in the price of ONE of the 3 following goods:
1) Crude oil between 2015 – 2019
2) Housing market in the United States between 2015-2019
3) Gold between 2015-2019
You must choose ONE of the goods and follow the below structure to explain what has happened to prices of the good you have chosen over the time period stated:
• Use the model of supply and demand and provide a textual and diagrammatic explanation, using the supply and demand curves for the changes in the prices of the good
• Explain the elasticity of supply and demand of the good
• Discover and describe the market structure of the good and specifically if there are any cartels/price fixing activities in the industry effecting the price
You should use these relevant theories in your answer, but you should also refer to data and other studies where relevant
• Cover, Table of Contents, References and Appendix are excluded of the total.
• Text alignment: Justified.
• The in-text References and the Bibliography have to be in Harvard’s citation style.
Type of service-Academic paper writing
Type of assignment-Essay
Pages / words-2 / 1000
Number of sources-5
Language style-UK English