In the last Section, you learned a great deal about demand and supply. You observed how they operate, why they operate as they do, and what forces beyond price influence the two. However, economics is not a discipline that is solely for use within a book. In this
Lesson you will research real-life examples to illustrate what you have learned
Using the internet or whatever source you have readily available to you, you are to search for examples of increase and decrease in
demand within your state, within the country, and internationally. You are to do the same with supply-state, country, and
international. This can be accomplished in several ways. One way is to search for issues of demand and supply in each area.
However, another way could include searching for the various factors that affect demand and supply For example, if you see that
violence is erupting in Iran or Greece, think about each country's major exports. There is a chance that such violent actions could
impact the supply of that export for the rest of the world.
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