Current Event Paper #2 [Directions: Your paper should refer to an article or new

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Current Event Paper #2
[Directions: Your paper should refer to an article or news story that can be analyzed using one or more of the concepts we have covered in class since the first midterm exam. You should be able to draw an economic model (supply and demand or budget constraint) diagram that corresponds to the events referenced in the story.]
Examples of topics to use in analysis: consumer utility optimization, price elasticity of demand, income elasticity of demand, cross-price elasticity of demand, price elasticity of supply, consumer surplus, producer surplus, deadweight loss, price controls, per unit taxes or subsidies, externalities due to production or consumption.

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