Read the following chapters from your textbook: Economics, 13th edition (Arnold, 2019):
Review Chapter 3 – Supply and Demand: Theory
Not Enough or Too Much
Discussion
Select & Determine
Not enough or too much; it’s a delicate balance. In this activity, you will select a country and explore the concepts of price ceiling and price floors and market shortages and surpluses.
Locate a recent article (published within the last year) that discusses either the price ceiling or price floor, and market shortages and surpluses of a good or service from your selected country at a macro level. You can use newspapers, new stations, or other credible sources to locate an article. Analyze your selected country’s good or service and determine whether it has a market shortage or surplus. Include the following in your discussion.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
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