Choose an application or situation in the economy or a specific economic situation to describe this graph. Take into consideration the impact on quantity and price in your analysis. Given your analysis, what would cause the situation to go the opposite way? What would cause the situation to go further into the same direction?

Textbook for this class Tucker, I. B. (2019) Survey of Economics. (10th ed.) Cengage. ISBN-13: 978-1-337-11152-2.

Economic Application: Graphic Analysis 1
Refer to the attached Wk 3 Graph for this assignment. The graph shows an increase in demand (shifting of the demand curve from D1 to D2). Choose an application or situation in the economy or a specific economic situation to describe this graph. Take into consideration the impact on quantity and price in your analysis.
Given your analysis, what would cause the situation to go the opposite way? What would cause the situation to go further into the same direction?
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Your paper should be in APA format, double spaced, 12 Times New Roman Font, between 2-3 pages, not including a title page and reference page. It is important that your answer is justified and supported with substantial research, examples and opinion. A brief introduction and conclusion should be included in your answer.

Point Breakdown
Interpretation of Graph 20 points
Integration of Example 20 points
Justification and Accuracy 15 points
Personal Analysis/Subjective Thoughts 15 points
Integration of Faith/ Ethics 10 points
Grammar and Spelling 5 points
Organization, Structure, and APA style 15 points