What is the difference between a shifting of supply and demand curve and movement along supply and demand curves?, assignment help
https://undergrad.newenglandcollegeonline.com/CourseMaterials/EC2110/PPTs%20for%20Students/krugman4e_lecture_slides_micro_macro_econ_ch03.pptxhttps://undergrad.newenglandcollegeonline.com/CourseMaterials/EC2110/PPTs%20for%20Students/krugman4e_lecture_slides_macro_ch04.pptxhttps://undergrad.newenglandcollegeonline.com/CourseMaterials/EC2110/PPTs%20for%20Students/krugman4e_lecture_slides_macro_ch07_econ_ch22.pptx1.Please post a well-thought-out question about subject matter relating to this week's topics and current events to the discussion board 2. Provide a brief answer to the following questions:1) What is the difference between a shifting of supply and demandcurve and movement along supply anddemand curves?2) What are some of the factors that can shift the demand curve?3) What are some of the factors that can shift the supply curve?4) What is GDP and what are itscomponents?5) How GDP can be measured?6) What could be some of the shortcomings of GDP in measuringthe economic welfareof a society?ESSAY: Fewyears ago, the rice prices drastically increased in a short period oftime. In several parts of the world experiencedshortages and food riots over rapid rises in rice prices. Several rice producing countries imposedlimitation on rice export and even retailers in the United States limited thequantity of rice each customer could buy. Increase in population, anddraught in some rice producing areas were mentioned as contributing factors inthe rice price crisis. With the help ofsimple demand and supply analysis, explain the changes in the rice market.
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