I’m working on a management writing question and need support to help me study.U.
I’m working on a management writing question and need support to help me study. Using shifts in supply and demand curves, describe a change in the industry in which your firm operates. The change may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the Macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it. (Hint and warning: Demand and supply curves are used at the industry level, not at the firm level.) Describe how your company could profitably use the analysis. The assignment is to draw supply and demand curve graphs and explain the changes in demand and supply of a product or a service in an industry. Please answer the question from a manager’s point of view, assignment should be 1.5 – 2 pages APA format. Site all the references used. At least one scholarly journal related to economics/organizational behavior should be used along with the textbook.
Requirements: 1.5 – 2 pages | .doc file