Cosby Oil Thrives Alongside Big Rivals Paper instructions: Douglas, E. œCosby Oil Thrives Alongside Big Rivals. Los Angeles Times, February 3, 2003, Part C, Business, pp. C1, C4 ””””””””””””””””””””- two pages along wiht graphs!! The assignment consists of reading one of the approved articles on an economic topic and writing a short paper about the article using the tools learned in this course. The paper should include an explanation of the problem, a summary of the arguments in the article, an analysis of these arguments and their implications. For example, one of the articles might report that a firm is trying to cut its production to make more revenue. Your analysis should explain that a cut in supply ceteris paribus leads to an increase in the price, which would raise revenue if the demand for the good is relatively inelastic. The price elasticity of the demand for the product depends on the availability of substitutes and other factors. You would want to include a demand and supply graph illustrating these points. The question on the best way to stop the use of cocaine that we did in class is another good example