ECO 204 Entire Course (Ash)

Feb 3rd, 2012
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Supply and Demand. Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item? ECO 204 Week 2 DQ 1 Elasticity (NEW) Elasticity. Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic: a. bottled water b. toothpaste c. cookie dough ice cream d. fresh green beans e. gasoline In your analysis, please make sure to explain your reasoning and relate your answers to the characteristics of the determinants of the price elasticity of demand. ECO 204 Week 2 DQ 2 Externalities Externalities. Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market effici

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