Question

Forums / ECO 203-W Forum I Week 4 Forum Previous Topic Next Topic > Week 4 Forum View Full Description This week we are discussing supply and demand and what causes either curve to shift. For this week's forum, I want you to that discusses either a supply or demand shifter. See pages 50-52 for types of changes in demand or demand shifters and see pages 54-55 for types of supply shifters. Once you have found your example, please include the following with your forum post: find a real world example such as a news heading changes in supply or 1. Share the link to the news article. 2. Identify if it is a demand or supply shifter and if it is a negative or positive impact (or shift) 3. Briefly discuss how this one shift may impact the equilibrium price and quantity and why es O You must post to this topic before you can view any messages ents ces s Previous Topic Next Topic> ook S Galeway Accessibitity Information The Sakai Proiect Chat 8:12 PM e; O Type here to search 4. 5 6 8 3

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Answer 1

a) Heat and Drought Could Threaten World Beer Supply, The New York Times.

https://www.nytimes.com/2018/10/15/science/drought-beer-climate.html.

b) Supply shifter and negative.

Heat and drought due to climate change will reduce the production of barley, an important ingredient for beer.

c) Demand remaining the same, the supply curve for beer will shift inwards due to shortage of raw material. The equilibrium price will rise and quantity will fall.