The paper should be 6 pages long (including Title page, bibliography, graphs, tables etc.).
It should be typed double-spaced in Times New Roman, font size 12 following the APA style with 1-inch margin on all sides.
Don’t forget to include a title page at the beginning and a bibliography at the end of your paper.
Discuss the issue in your paper as an economist.
Grading Rubric: Title 5 points Page numbering 5 points Correct labeling of Figures, Tables (Including source) 5 points Content 20 points Bibliography 5 points APA style:
Summary: As supply chain problems prolong a shortage of new automobiles for a second year, customers face near-empty dealer lots, high prices and long waits to buy new cars. Although automobile manufacturers discourage dealers from charging more than their cars’ sticker prices, many dealers say they have to be realistic about what the market will bear. In extreme cases, dealerships have charged as much as $40,000 above the manufacturer’s suggested retail price (MSRP) for some luxury cars. Product shortages cause prices to rise and product surpluses cause prices to fall in the free market. Under the current scenario of supply-chain crisis in the US, discuss the general production and consumption opportunity cost (highest-valued alternative given up to engage in an activity) likely to have an impact on the US GDP for the coming years.