supply/demand and elasticity presentation

1) As soon as your group has decided on either a product or company to analyze please have one person in your group post your choice on the forum. Ideally I would like each presentation to be on a different product or company. I highly recommend choosing an actual physical product. An actual physical product is much easier to quantify rather than a service where it is unclear how supply is determined. There is a temptation to pick something like zoom but please think of a physical product where one can determine at least approximate the number of units sold. Post your group’s topic by Thursday, January 29th under the 3rd week (we chose Toilet Paper) 2) As we are now hopefully looking at the pandemic in the rearview mirror, we can now look back at various times. (At some point this assignment may be looking at the time before tariffs, but it is too soon to see their impact) a) pre- pandemic, b) when the pandemic first hit and for that initial period, c) after the abrupt changes had been factored in, d) and now as we put the pandemic in the rear view mirror. 1) Your presentation should begin by an introduction to the product or company, including some history about the product or company. (About 3 minutes) 2) For each of the above time periods discuss supply and demand and any shifts using the graphs we went over during our first class. The type of graph I am specifically looking for has an x and y axis and lines that depict the relationship between quantity on the x-axis and price on the y-axis. You will be showing and explaining three separate graphs to represent the three distinct time periods. It could be that both supply and demand shifted or just one. Also discuss the changes not only in quantities demanded and supplied but also prices. I recommend choosing a physical product rather than an APP where it is easier to quantify units and price/unit to make your analysis more straight forward. Using the same product or company continue the discussion to the elasticity of demand and supply and how the pandemic has impacted the elasticity. Discuss the prices and quantities demanded and supplied pre, during and post pandemic. Discuss the elasticity of both demand and supply for all three periods. You can also incorporate elasticity into the supply/demand discussion rather than as a separate part. Make sure that your graphs help illustrate the elasticity for the product, and include in your discussion the market that this product or company faces, i.e. perfect competition, etc. The slopes of the lines for both demand and supply should show the elasticity or inelasticity. It can also be that the line changes elasticity at different price levels, so if that is true you can depict that as well and explain why. You could also discuss, if appropriate, whether there is a possibility of changing the existing elasticity to something that may be perceived to be more advantageous, and what it would take to achieve that change. 3) End with a conclusion.