For this report, please visit a place where trade is undertaken. I have choosed Craiglist
.com as an online marketplace Use the experience of your visit and the economic
concepts learned in this course to write the report.
1) Identify the trading place you visited. (e.g Is it a market? What is being
traded? Who are the sellers and the buyers?)
2) How is equilibrium achieved in this market, i.e. if there is excess demand and
excess supply how do sellers and buyers coordinate to achieve equilibrium?
3) What market structure does this market fall under?
4) Is there government intervention in this market? If so, why and what are they?
Question number 2 & 4. This essay is about Craiglist.org. Please write in business report way.
- 150 words each
- Harvard style referencing
- include 1 reputable resources are referecnce in each question
- Full referencing (in-text citation and reference list) is required
- please make sure you use your own words and no plagarism
- requirement to answer each question:
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