Using diagrams students should apply the theory of supply and demand to the assigned economy. a) Use an example(s) of a product or service demanded in the economy b) Investigate the factors affecting demand for this goods or services c) Use an example(s) of a product or service supplied in the economy. You may use the same product in 'b' above d) Investigate the factors affecting the supply of this good or service e) Show understanding, using a diagram, of the impact of a shift of demand or supply on the equilibrium point?

Using diagrams students should apply the theory of supply and demand to the assigned economy. a) Use an example(s) of a product or service demanded in the economy b) Investigate the factors affecting demand for this goods or services c) Use an example(s) of a product or service supplied in the economy. You may use the same product in 'b' above d) Investigate the factors affecting the supply of this good or service e) Show understanding, using a diagram, of the impact of a shift of demand or supply on the equilibrium point?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 10P

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