Good or Service I have chosen Dairy or non-dairy milk products --Fluid Milk Manufacturing
2. Demand-supply-market equilibrium
2/22/2021 Article Analysis
https://psu.instructure.com/courses/2103261/assignments/12546028?module_item_id=31373104 1/3
Article Analysis
Due Wednesday by 11:59pm Points 36 Submitting a file upload Available Feb 8 at 12am - Mar 6 at 11:59pm 27 days
Article Analysis
Submit Assignment
Upload your one- to two-page article analysis essay about how the market for your chosen good or service is being impacted by a current event. To receive credit, you MUST base this essay on your chosen good or service
The instructions for the assignment are under the title 2. Article Analysis: Demand-Supply-Market Equilibrium on the document Market Analysis Assignments.docx, which can be accessed in the Assignment Instructions module.
Note: There is a 10% deduction from the grade for every day the assignment is submitted late.
2/22/2021 Article Analysis
https://psu.instructure.com/courses/2103261/assignments/12546028?module_item_id=31373104 2/3
Criteria Ratings Pts
4 pts
4 pts
6 pts
4 pts
6 pts
4 pts
Determinant Identification
4 pts Full Marks Correctly identifies the determinant having the greatest impact on the market, AND which part of the market (demand or supply) was impacted.
2 pts 2 Correctly identifies the determinant having the greatest impact on the market, but not which part of the market was impacted. OR Correctly identifies another determinant, and which part of the market was impacted.
0 pts No Marks Does not correctly identify any determinant of demand or supply.Determinant(s)
Explanation 4 pts Full Marks Provides a clear and correct economic explanation for how the determinant impacts the demand or supply.
2 pts 2 Provides an unclear or incomplete economic explanation for how the determinant impacts the demand or supply.
0 pts No Marks Does not provide a correct economic explanation for how the determinant impacts the demand or supply.Graphs and
Labels 6 pts Full Marks Correctly constructed the market model graph, with all key economic elements (demand, supply, both original and new market equilibria, and shortage or surplus), AND fully labels everything.
4 pts 4 Correctly constructed the graph, missing no more than one key economic element, OR does not correctly label one element.
2 pts 2 Partially constructed the graph, missing two key economic elements, OR does not correctly label more than one element.
0 pts No Marks Missing a market model graph or many key economic elements in the graph are incorrect.
Explanation of shift and movement of curve(s)
4 pts Full Marks Provides a full, correct economic explanation of the curve that shifted AND the movements along the curves.
2 pts 2 Provides a partially correct economic explanation of the curve that shifted AND the movements along the curves.
0 pts No Marks Does not provide a correct economic explanation of the curve that shifted or the movements along the curves.Explanation of
shortage or surplus
6 pts Full Marks Provides a clear and correct economic explanation of the shortage or surplus being caused by the current event AND how it impacts the market equilibrium.
4 pts 4 Provides a clear and correct economic explanation of the shortage or surplus being caused by the current event, but not how it impacts the market equilibrium.
2 pts 2 Provides an incomplete economic explanation of the shortage or surplus being caused by the current event, and how it impacts the market equilibrium.
0 pts No Marks Does not provide a correct economic explanation of the shortage or surplus being caused by the current event, and how it impacts the market equilibrium.
Market Equilibrium
4 pts Full Marks Correctly identifies what will happen to the equilibrium price and quantity.
2 pts 2 Correctly identifies what will happen to the equilibrium price OR quantity, but not both.
0 pts No Marks Incorrectly identified what will happen to the equilibrium price and quantity.
2/22/2021 Article Analysis
https://psu.instructure.com/courses/2103261/assignments/12546028?module_item_id=31373104 3/3
Total Points: 36
Criteria Ratings Pts
4 pts
4 pts
Source 4 pts Full Marks Bases analysis on a current event impacting the market being studied as reported in a credible newspaper article published since June 2020.
2 pts 2 Bases analysis on a current event impacting the market being studied, but the source is not a credible newspaper article.
0 pts No Marks Does not base the analysis on a event impacting the market being studied, which occurred since June 2020.
Bibliography 4 pts Full Marks Properly formats the citation of the newspaper article used for the analysis and includes an active link.
2 pts 2 Properly formats the citation of the newspaper article used for the analysis, but does not include an active link.
0 pts No Marks Does not include or improperly formats the citation of the newspaper article used for the analysis.