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Analyze the changes in market demand and market supply for a copper.

May 27, 2021
Economics
Christopher R. Teeple

A‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ssignment Description In this assignment, we are going to analyze the changes in market demand and market supply for a copper. In addition, we are going to analyze how the changes in demand and supply affected the market price and production of copper. To do so, we are going to address the key factors (determinants) that have caused the shift in demand and/or the shift in supply. The goal here is to provide an objective analysis of the forces that have caused this change to better understand the behavior of the market and to determine the potential growth or decline for copper. Structure and Requirements
• Title Page o Title of the paper o Name of the author o E-mail address of the author o Class name o Professor’s name o Date
• Introduction o Describe copper and the market that copper targets (geographic or demographic). o State when, how, and why copper has became popular or less popular. o State the factors (demand determinants and supply determinants) that have caused its supply and demand to change and how those changes affected it price. Basically, why ‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍has demand and supply for copper changed?
• Data o Obtain data from at least three credible sources (not Wikipedia) to provide facts about the changes in demand and supply. o Use tables, graphs, and figures to support your argument. You could use figures that show the changes in demand and supply, as well as changes in the market price for copper.
• Analysis Use the findings from your data section to fully explain the growth or decline pattern of the supply and demand. Is copper growing or is it declining, and why? If it is growing, state the factors that led to its growth. If it is declining, state the factors that led to its decline.
• Conclusion Provide your own final thoughts, opinion, and understanding of the outcome. Do you believe copper is profitable for its producers? Or should they provide something different instead? Or should they modify copper? Moreover, if you were to produce this copper, what would you do to increase your revenue?
• Reference List Use at least three professional sources to support your argument. The references need to be i‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍n APA format.

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