Question

Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.

Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service.

Answer 1

I seen the minor changes in market led by information and technology. The biggest change is the shop system come to close because of online trading. For example if I want a t.v. or mobile then definitely I will go for Amazon or other online trading site. It affects market in the both positive and negative ways. Positive for consumers because they finds same items for low price here. It is negative for market traders because as well as online marketing growing offline market sales figure becoming down. But this online marketing is beneficial for consumers. And we are seeing that online markets are available in pandemic too. Online marketing is depends on advertising. Advertising field or online marketing is social media like Facebook, Instagram, you tube etc.. today's market is in the mobiles or laptops.

I saw a article "Americans keep clicking to buy" in new york times About one month ago. The article tells how the online marketing growing and its effect.