Microeconomics Changes to Supply, Quantity Supplied, Demand, and Quantity Demanded Using the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change.For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no change.

students will review and estimate the components of GDP (consumption, investment, government spending, and net exports (exports less imports)) for the first quarter of 2017 and compare to the same quarter in 2016, 2015, and 2014.To access the components of GDP table:Go to http://www.bea.gov/iTable/index_nipa.cfmClick "Begin using the data"Then find Access Table 1.1.5 under "Section 1"After conducting the comparison, please explain what actual events or dynamics could have led to changes in each component in the economy basing supporting your response with research. Please utilize the chart below also as part of your analysis for graphical representation of GDP by component.The submission should include a detailed written response reporting on all components of GDP for the time periods requested. Note, the course textbook can be a citation as a source for your assignment along with any other websites such as the Bureau of Economic Analysis (www.bea.gov) used to gather and report responses to these questions.Task 1: Create a new discussion topic on or before Friday at 11:55 p.m. by clicking the '**REPLY HERE**' post. In your reply, you will post your answers to the Week 1 Critical Thinking Exercise questions. Your response to the exercise questions should be a minimum of 150 words. Going over the minimum word length requirement is acceptable; however, I am not looking for 1000+ words! It is suggested that you use MS Word or another word processing application that can check spelling/grammar and can show the word count.

preparation for setting future wages, choose an NAICS with hourly employees and a metropolitan area.   Build a table that shows average hourly wages for the NAIC and metro area you have chosen. (You may want to add additional columns and rows; i.e., you might want to show average hourly earnings or total number of establishments or production employees in additional rows or in additional columns, you may want to add other metro areas for comparison or the comparative national numbers. You may want to consider, at this point, real dollar wages in contrast to current dollar wages. It is useful for you think about the final exam and build this table to help you with your overall strategy for the exam. For example, making a case for a wage increase in New York City is more difficult because its wages, in most categories are higher than in surrounding jurisdictions, so, for the sake of this exercise, you may want to choose a lower wage area (though you can certainly choose New York City if you want). It is acceptable to just show hourly wages for the NAIC you choose in the metro area you have chosen. List comparable metropolitan areas and comparable job classifications that you will use for your proposal (on the exam). Write a paragraph about the strategies you intend to use to make your wage case for the final exam. Provide some detail. (This way I can provide some critique and suggestions before you begin the exam.) https://www.bls.gov/iag/tgs/iag_index_naics.htm