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Summary: Find a real world example from 2018-2019 of a change in market conditions, for example an observed change in prices or the quantity of a good or service. Using theories of economics, such as the demand and supply model, explain the impact of changing market conditions on the price and quantity of goods or services traded. The real world example: • will be sourced from newspapers or other media. • be for a specific city, country or global. Intended Learning Outcomes: 1. Represent and explain fundamental economics concepts using text, diagrams, equations and other media (SILO 4). 2. Explain how prices are determined and predict the effects of changes in market conditions on prices and quantities of goods and services (SILO 3 & 4). 3. Critically analyze in writing the impacts of government policy and external shocks on markets, using a range of scholarly and news media sources (SILO 2, 3, & 4). Assignment details The real example is 🙁 house marketing in Australia) and my part is answer the 3 questions in one paragraph with 250 words according to the following point. • an analysis (including appropriate diagrams) of how changing market conditions are influencing or have influenced or may influence prices, and

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Summary: Find a real world example from 2018-2019 of a change in market conditions, for example an observed change in prices or the quantity of a good or service. Using theories of economics, such as the demand and supply model, explain the impact of changing market conditions on the price and quantity of goods or services traded. The real world example: will be sourced from newspapers or other media. be for a specific city, country or global. Intended Learning Outcomes: 1.   Represent and explain fundamental economics concepts using text, diagrams, equations and other media (SILO 4). 2.   Explain how prices are determined and predict the effects of changes in market conditions on prices and quantities of goods and services (SILO 3 & 4). 3.   Critically analyze in writing the impacts of government policy and external shocks on markets, using a range of scholarly and news media sources (SILO 2, 3, & 4). Assignment details The real example is 🙁 house marketing in Australia) and my part is answer the 3 questions in one paragraph with 250 words according to the following point. an analysis (including appropriate diagrams) of how changing market conditions are influencing or have influenced or may influence prices, and This assignment must be: word processed in 12 point font at 1.5 spacing; properly referenced using the Harvard style, and submitted via Turnitin by 5pm on the due date with the details of all group members. Sources (references) It is expected that you will reference a range of resources (e.g. the text book, news media, industry reports, the ABS and other sources). The Lib guide on the LMS provides useful links to industry reports, the ABS statistics