This assignment focuses on demand, supply, and equilibrium. Let’s start with the basics.
Begin the essay by providing the following information:
· Explain the difference between a movement along demand and supply curves and a shift of demand and supply curves.
· What can cause the above situations? Provide an example for each.
· Describe how equilibrium is found.
· Describe how a shift of the demand or supply curve can affect equilibrium.
The industry you will focus on is the Pulp and Paper industry and the product of that industry that you’ll write about will be Toilet paper and Paper towels.
Add the following information:
· Define the current status of supply and demand for the product or service you identified.
· Identify at least one factor (COVID-19 Pandemic) that has caused the supply curve to shift for that product or service.
· Identify at least one factor that has caused the demand curve to shift for that product or service.
The essay must be a minimum of two pages, not counting the reference page. Be sure to include an introduction. Use a minimum of three peer-reviewed scholarly sources – two are provided – you only need to find one more peer reviewed scholarly source.
Adhere to APA Style when creating citations and references
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