you are required to search for TWO newspaper articles (national or international) where you can see...

you are required to search for TWO newspaper articles (national or
international) where you can see some concept(s) of microeconomics being applied. Just a soft
reminder for students, that one such article was made a part of your course pack as well (those
who have read it will know which newspaper article I am referring to.)
(Hint: it was related to Demand, Supply and Market Equilibrium).

Solutions

Expert Solution

First article-

https://www.economist.com/the-americas/2020/06/11/how-big-beef-and-soya-firms-can-stop-deforestation

How big beef and soya firms can stop deforestation

The article discusses deforestation of the Amazon due to demand from soya firms and demand of grazing land from beef industry. This article discusses negative externality- the impact on the enviroment from cutting of trees for production of meat and soya.

Second Article-

https://www.washingtonpost.com/business/2020/06/14/ripple-effects-downturn-show-pandemics-early-economic-toll-was-just-beginning/

Ripple effects of downturn show pandemic’s early economic toll was just the beginning

This article discusses aggregate demand and supply and also multiplier effect. As one firm lays off employees, it results in lower demand in other sectors too, from those employees. This results in further layoffs and cost cuts and this effect multiplies. The aggregate demand goes down far higher than it wouldve only from those laid off employees.

Rahul Sunny answered 2 months ago

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