Short Essay 1

Short Essay 1

Assignment type

Business Analysis

Hypothetical scenario Suppose that the market price of vegetables recently increased substantially this year. Develop a two-page essay discussing what might have caused this. In your essay, you are required to address the following questions. 1. Are there any changes in the supply or/and demand for vegetables this year? 2. How does this event affect the market equilibrium price of vegetables? 3. Can ‘receiving profits by charging a higher price’ be justified from a biblical perspective? (This should not exceed 100 words) The short essay must comprise the following structures with sections and headings: Section 1: The Impacts on the Supply/Demand Curves Section 2: The impacts on the Market Price of Vegetables Section 3: Biblical Application Please note that I will not review your actual essay before your final submission. – All papers must use a minimum of 3 sources. You must cite only peer-reviewed journal articles although the textbook is an acceptable source (however, keep in mind that the textbook is not a peer-reviewed resource though). – You MUST NOT cite online sources or any articles without the year of publication and author’s name. Also, you should not cite Wikipedia and Investopedia. – All papers must follow all APA requirements. (I am only looking for accuracy of APA formatting for references) Also, please refer to the following link, to learn more about APA style and formatting. – Do not just provide your opinions but your essay must demonstrate mastery and accuracy of relevant economic concepts and theory to receive full credit – Minimum words requirement: 800 words (not including abstract, and reference pages)