Choose a commodity to write about from the list below. The assignment should be two to five pages
typed MLA format. Students will be describing in great detail one significant event in which the chosen
commodity significantly changed in price. This price change should be described using the supply and
demand model. Did a change in demand or a change in supply cause the change in price? Which
variable in supply or demand caused the change in the market? Also provide details on why the commodity is valuable and why people are willing to pay for it, where is it produced; and what factors impact
the supply and demand for the commodity internationally.
