From *both* of my final exams administered today….
Illustrate each of the following using “comparative static” analysis. That is, draw a supply and demand graph, show a shift in supply or demand consistent with the headline.
“Even with lots of fish, halibut prices high,” Homer News, June 7, 2016
“Salmon prices are rising due to the death of millions of fish in Chile,” Daily Mail, June 7, 2016
“Lumber Prices Tumble as Demand From China Falls,” 24/7 Wall Street, January 20, 2016
And my personal fave:
“Germany had so much renewable energy on Sunday that it had to pay people to use electricity,” Quartz May 10, 2016
Finally, for the environmental students, we give you:
“Fish Factor: Permits plummet, halibut prices soar,” Juneau Empire, March 16, 2016