ECO365 Week 1 DQ#2

timer Asked: Nov 12th, 2013

Question description

Week One – DQ 2

Identify a good or service with which you are familiar. What factors have contributed to changes in the supply of and demand for that good or service? What was the effect on the equilibrium price and quantity?

How do you expect changes in the microeconomy and macroeconomy to affect future supply of and demand for that good or service? Do you expect the equilibrium price to increase or decrease as a result?

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