Economics
ECON101 American Public Education Supply and Demand Microeconomics Essay

ECON101

American Public University System

Question Description

I need help with a Economics question. All explanations and answers will be used to help me learn.

Assignment Instructions

For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

  1. What factors influence the demand for this product? What factors influence the supply of this product?
  2. How have these changes in supply and demand affected the equilibrium price of this product?
  3. Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

here we go

Running head: EDUCATION SUPPLY AND DEMAND

Education Supply and Demand
Name
Institutional Affiliation

1

EDUCATION SUPPLY AND DEMAND

2

Education Supply and Demand
The world has much to offer in the contemporary space that details a transformative
platform. Education is a commodity that I consume daily, which draws much relevance from the
changes in the modern universe. The market entails various agents and associating elements that
contribute to the current behavior of supply and demand that draws expectations for the
foreseeable future.
I consume education as a commodity daily, given the reverence it bequeaths and the
market therein. Our universe focuses on skill development, which individuals obtain through
learning. It depicts the relevance of education as it is the framework of developing an able
workforce capable of driving the agenda of respective nations. On a universal landscape, it offers
incentives to capacity-building offering the necessary skills for professionals to assist in the
research and development space. The perfectly competitive market entails multiple agents
seeking the commodity given the benefits it warrants. It has providers from the public sphere
(state and federal-owned) to private entities with teachers as the other agents in the market,
delivering the product as they impart knowledg...

Purdue University

Anonymous
Solid work, thanks.

Anonymous
The tutor was great. I’m satisfied with the service.

Anonymous
Goes above and beyond expectations !

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4