• Select an industry/sector in the economy (examples include the oil industry, retail industry, fast-food
industry, hotel industry, auto insurance industry, airline travel industry, dairy markets, agricultural markets,
health insurance industry, housing market, etc.)
• Define your market specifically focusing on the characteristics of the goods/services provided and outline
recent trends herein
• Identify the key firms providing services in this market
• Based on the selected industry/sector in the economy, you will identify and report on recent trends in supply
and demand based on actual research and incorporate in the form of at least two graphical representations
(charts, tables, or graphs)
• Report recent and potential upcoming trends in either supply or demand in the industry/sector based on
your research effort including events that can shift either supply or demand and incorporate how you expect
market price and quantity are likely to change (for example the COVID-19 pandemic)
• Report from research and knowledge gained the assigned course readings, the elasticity of demand for your
selected industry/sector
• Based on the selected industry/sector in the economy, you will identify the factors of production (labor,