Choose a commodity to write about from the list below and notify the instructor of your selection via email or zoom by December 1, 2020. The assignment should be two to five pages typed in MLA format. Students will be described 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. The assignment will be graded based on the completeness and depth of the analysis of the commodity market, focused topic, cohesiveness, spelling, and grammar. Key economic language is essential to describing these markets.
Coffee is the topic.
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