Others Essay Example | Topics and Well Written Essays - 500 words - 1

Others - Essay Example s decrease from P1 to P2, the quantity demanded by customers increase from Q1 to Q2, which is represented by a movement is the demand curve from point A to B. On the other hand, a shift in the demand curve is brought about by the changes in other factors affecting demand other than the price. They are taste, level of income and others. In the graph below, DD is the demand curve before any change. When the mentioned factors causes the demand to increase, the DD shifts to the right from DD to D1D1. The quantity demanded at P1 increases from Q1 to Q2 as shown in the graph below (Tucker 67-75). In economics, supply is the amount of goods and services that suppliers are willing and able to supply to the market at a given price and time, ceteris paribus. Therefore, the supply curve represents the association between the quantity supplied and the prevailing market prices. In the graph below, SS is the supply curve. When commodity prices increases from P1 to P2, the quantity supplied increases from Q1 to Q2 and the movement along the supply curve is from point A to B (Tucker 67-75). A shift in the supply curve is caused by factors other than price. They are the prices of factors of production among others. When the factors of production are cheaper, the quantity supplied increases leading to a shift in the demand curve from SS to S1S1. See the graph below (Tucker

MIDTERM QUESTIONS Essay Example | Topics and Well Written Essays - 750 words

MIDTERM QUESTIONS - Essay Example The mass media is able to effectively set almost any political or public agenda and frame how media consumers view a particular topic. For instance, an overall majority of information that is presented to the consumers against gay marriage would set a public agenda that suggests that everyone is and should be against gay marriage. The agenda-setting and cultivation theories come into play here and have a direct relationship with setting the public agenda. Gatekeeping is a process that all media stories go through internally within the specific media outlet to determine what information is allows to be presented to the public and in what way. Writers and reporters typically are given specific assignments and told to write them from a particular viewpoint. After the work is written, the editors will comb through the work to make sure that it is void of errors and presents the appropriate message for the general public. Because media outlets frame messages, the editors are directly responsible for ensuring that the messages are properly framed and presented in a clear, understandable format. The potential problem that this presents is that the consumer may not be able to peel apart the framing of the mass media. In other words, the consumer is only going to hear a specific message and not always the entire story. This does not mean that the media is lying about the story, but it simply means that the way it is portrayed is framed in a specific manner so that the consumer perceives it in a particular way. Many consumers do not think objectively about a news story and accept what they view to be true. The media can easily take advantage of the ignorance of the general public. The mass media can cultivate an individual’s attitude or perceptions based on the type of message and the specific details of the message that are being portrayed. Cultivation