In this second module, you are introduced to the laws of supply and demand. This question we are covering six chapters, so there is a myriad of different topics that we could cover, but I believe that if we look at the following question, we can draw in a lot of the different concepts presented in these chapters: In our mixed economic system, who really decides prices? Producers or Consumers? In answering this question, you may want to consider the following issues: Is it necessary for producers and consumers to sit down and discuss price levels? What role do brand names play in prices and your purchasing habits? Does the law of demand always hold true? Why do producers spend so much money on advertising, shaping our tastes and preferences? Are there markets where you see a need for price controls?
In this second module, you are introduced to the laws of
This question we are covering six chapters, so there is a myriad of different topics that we could cover, but I believe that if we look at the following question, we can draw in a lot of the different concepts presented in these chapters:
In our mixed economic system, who really decides prices?
Producers or Consumers?
In answering this question, you may want to consider the following issues:
Is it necessary for producers and consumers to sit down and discuss price levels?
What role do brand names play in prices and your purchasing habits?
Does the
Why do producers spend so much money on advertising, shaping our tastes and preferences? Are there markets where you see a need for price controls?
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