With reference to the theories covered in class during Week 1to Week 4 and with the use of wider research, you mustcomplete an essay, which analyses and evaluates thereasons for changes in the price of ONE of the 2 followinggoods:A. Gold between 2016-2019B. Bitcoin between 2016-2019Follow the below structure to explain what has happened toprices of the good you have chosen over the time periodstated:1. Provide a textual and diagrammatic explanation,using the supply and demand curves for the changesin the prices of the good.2. Explain the elasticity of supply and demand of thegood.3. Discover and describe the market structure of thegood and specifically if there are any cartels/pricefixing activities in the industry affecting the pricechanges discussed.Recommended sources: international organizations (IMF,WB, OECD, European Commission, Eurostat); central banks;official statistical institutes, well-known newspapers,consultancies & think tanks; Harvard business reviewmagazines; etc.This activity must meet the following formattingrequirements: Font size 12 Double-spaced 1000-1200 words Pdf only This essay should be completed by youindividually. Include a Cover page, Table of Contents, andReferences. Harvard Referencing System, both for theReferences and the in-text citations.
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