Max Ishimwe

Review the following articles: Briefly summarize the Dutch Tulip article. Using supply and demand, show graphically what happened in the market for Tulips prior to February 1637. Be sure to label your axis and indicate the initial equilibrium (P1, Q1) of November 12th and final equilibrium (P2, Q2) in February 1637. Using supply and demand, show graphically what happened in the market after February 1637. Be sure to label your axis and indicate the initial equilibrium(P1, Q1) in February 1637 and final equilibrium (P2, Q2) on May 1st. How did the crash of the tulip market affect the Dutch economy? What are the similarities to the real estate bubble that occurred in the US in 2008? Fully explain your answer. See the link below that summarizes the housing bubble in the US: Housing market collapse in 2008 What were the causes of the collapse of the housing market? Your file must be submitted online and be 2-3 pages in length. The document must be a word doc or a pdf. Your paper must satisfy APA formatting. If you are unfamiliar with APA formatting see the following link: Purdue Owl

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