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The purpose of this brief paper is to explain one economic principal that is covered in a short newspaper or magazine article. Please Do not use multiple sources. The article must be recent--no more...

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The purpose of this brief paper is to explain one economic principal that is covered in a short newspaper or magazine article. Please Do not use multiple sources. The article must be recent--no more than 3 months old.This is NOT a research paper. Simply a demonstration, in writing, recognizing economic principles in the real world.

Please Do NOT just summarize the article.

Describe how that story / article demonstrates an economic principle, shows an economic model in the real world, or illustrates some economic law.

Examples:

How does the article support the Simple Circular Flow model?

How does the article support the Law of Supply and Demand?

You could also address issues such as long-run growth, inflation, closing recessionary/contractionary gaps, fiscal or monetary policy, etc.

You could look ahead: How does this particular article display / illustrate the major business structure models (Monopoly, Monopolistic Competition, Oligopoly, or Perfect Competition)?

The article can be about anything. Do NOT use the word “I”; write this as you would a business presentation/paper. Think about how a newspaper article is written or your book is written –they rarely use the words “I,”“me,”“my,”or “we.”

Your paper should use this format:

? 2 typed pages, 2 pages maximum

? Double spaced

? Margins

a. Introductory paragraph

i. Topic sentence

ii. Three main points (at least)

iii. Transition

b. Main point 1

stbody paragraph

i. Three-five sentences at least

ii. Development of the first of your main points in a.ii, above

c. Main point 2

ndbody paragraph.

i. Three-five sentences at least

ii. Development of the second of your main points in a.ii, above

d. Main point 3

rdbody paragraph

i. Three-five sentences at least

ii. Development of the third of your main points in a.ii, above

e. If more than three main points, address each in a separate paragraph.

f. Closing paragraph

i. Two-five sentences providing a summary

ii. Do NOT put anything new here –if you do it is not a summary

Answered Same Day Dec 20, 2021

Solution

Robert answered on Dec 20 2021
116 Votes
Copy of the Article
The article has been taken from the following web address on 15-Sep-12:
http:
ibnlive.in.com/news/fruitlovers-go-bananas-over-steep-rise-in-plantain-prices/281720-60-
120.html
Introduction
The article discusses about the rise in banana prices due to the shortage in its supplies. According
to the article the supply of banana in India has fallen by 30%, as a result of which the prices have
climbed to Rs 40 for per dozen. Maharashtra being the largest producer of banana in the country
has not been able to be consistent with expected supply due to the intense heat from April to May
in the region. According the article the scenario was expected to improve in November with the
a
ival of new crop.
Main Point 1: Shortage in supply of banana by about 30%, due to heat and bad rainfall,
causes the price of banana to increase.
Shortages arise when the supply of a particular commodity falls short of its demand. In such a
scenario, the price of the product increases. As the price increase, more firms get attracted
towards the market. This increases Supply and gradually market...
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