What affect does price ceilings have on the market, marketing homework help

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What affect does price ceilings have on the market, marketing homework help

Product

Event Market for:
Economic growth is expected to improve in the next two quarters. Aluminum
Fire at an oil refinery in the Gulf will not be fixed for a month. Gasoline
The Japanese government has decided to subsidize its domestic automobile producers with stimulus money. Automobiles
Manufacturers who use plastic as an input have access to cheaper plastic. Manufactured goods that use plastic as an input

Using the table, for each line item, write a paragraph describing how the market for each specific product will be affected by the associated event. Describe which curve will shift (demand or supply or both), what effect it will have on price (rise or fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a paragraph.

 

 

Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100