Hello Tashara I have reviewed and assessed your Module 2 Deliverable. I have included detailed comments on how your work was graded in the body of your work. Please note that in order to gain full points, you will need to isolate each market event impact on either Supply or Demand, not both. You will need to do this for the four events that were given in the assignment. I have made note in my comments on exactly how to respond to each question. Deliverable 2 - Report on Events Impacting the Supply and Demand At the end of your presentation you will a breakdown of the offindOil competencies and how you scored on these competencies (highlighted in gold). Tashara Cooper Please be sure to include all 4 events in your next submission. Rasmussen College If you have any questions regarding how your work was assessed, please feel free to contact me via email. 3/19/2018 Regards, Marlo Chavarria Screen recording Introduction • Gas and oil prices increment when something meddles with production. The natural disasters regularly hinder or harm the production facilities, briefly diminishing or ending generation in that area. Disasters may likewise harm or interfere with the pipelines that shape the distribution in the infrastructure. Similar kind of impact is seen during recession and alternative energy sources availability. You need to isolate each market event impact on either Supply or Demand, not both. You will need to do this for the four events that were given in the assignment. Natural disaster near the outlet of the pipeline You were asked to evaluate the effects that a natural disaster near the outlet of the pipeline would have on the supply and demand of oil in the oil market. 9 8 In order to gain full points, you needed to look at the following event: Natural disaster near the inlet of the pipeline and then summarize the changes in supply 7 and/or demand curves correctly, adequately explain changes in equilibrium price and 6 quantity, use clear examples of each, and provide well-defined reasons for proposal S0 recommendation. 5 S1 Then 4 include the following information: D0 (a) Will Supply or Demand increase or decrease to assist with the natural disaster? 3 D1 (amend this portion of your submission) (b) 2Will Supply or Demand shift to the left or the right? (amend this portion of your submission) (c) 1 Will the equilibrium price increase or decrease? (amend this portion of your submission) 0 (d) Will the equilibrium Q1 quantity increase orQ0decrease? (this response Q2was correct) You were asked to evaluate the effects that a natural disaster near the inlet of the pipeline would have on the supply and demand of oil in the oil market. Corrections for this slide were not included Recession 9 You were asked to evaluate the effects that a Recession would have and then 8 summarize the changes in supply and/or demand curves correctly, adequately explain 7 changes in equilibrium price and quantity, use clear examples of each, and provide well-defined reasons for proposal recommendation. 6 Then 5 include the following information: (a) Will Supply or Demand increase or decrease to assist with the natural disaster? 4 this portion of your submission) (amend (b) Will 3 Supply or Demand shift to the left or the right? (amend this portion of your submission) 2 the equilibrium price increase or decrease? (this was correct) (c) Will (d) Will the equilibrium quantity increase or decrease? (amend this portion of your 1 submission) 0 Q1 Q0 Q2 S0 S1 D0 D1 Increase in availability of alternative sources of energy You9 were asked to evaluate the effects that an Increase in availability of alternative energy 8 sources would have and then summarize the changes in supply and/or demand curves correctly, adequately explain changes in equilibrium price and 7 quantity, use clear examples of each, and provide well-defined reasons for proposal recommendation. 6 In order to comprehensively address this question, assume that this scenario will not5damage the pipe. Then include the following information: 4 (a) Will Supply or Demand increase or decrease to assist with the natural disaster? (amend this portion of your submission) 3 (b) Will Supply or Demand shift to the left or the right? (amend this portion of your 2 submission) (c) 1Will the equilibrium price increase or decrease? (response correct) (d) Will the equilibrium quantity increase or decrease? (amend this portion of your 0 submission) Q1 Q0 Q2 S0 S1 D0 D1 Conclusion • Natural disaster near an outlet of the pipeline: ➢ Demand curve shifts to the left as the supply curve moves downwards. • Natural disaster near an inlet of the pipeline: ➢ Demand curve shifts to the right as the supply curve moves upwards • Recession: ➢ Demand curve shifts to the left as the supply curve moves downwards • Availability of alternative source of energy: ➢ The demand curve shifts to the left as the supply curve moves downwards. References • Monadjemi, M. (2017). Oil Price Rise and the Great Recession of 2008. http://economics.expertjournals.com/235977 04-502/ • Nakamura, K. (2011). The Impact of the Earthquake on the Output Gap and Prices. Bank of Japan Review. E-4
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