Assignment: Supply & Demand
o Define the laws of demand and supply. Give at least one example.
o What are the factors that create shifts in demand and supply in the market? Give at least one example.
o Explain the difference between a change in quantity demanded and change in demand. Give at least one example.
o Through the analysis of supply and demand in the market for a particular product explain how price for this product is determined.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.