Question: Think of a product that you will buy more of if its price goes up. To which category does this product belong? Provide reasons for your answer. Develop a demand curve for it. Also show the condition of market equilibrium for these categories of goods.
Compare the demand curve of these goods with the goods that you will buy more of if the price comes down.
Create demand and supply curves in Microsoft Excel and create a Microsoft Word document to present the analysis based on the curves.