Economic Essay Problem
For Term Paper you are required to pick a product or service you use in your everyday life and describe the market for this product. Make sure to address the following questions:
• What factors influence the demand for this product? What factors influence the supply of this product?
• How have these changes in supply and demand affected the equilibrium price of this product?
• 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?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.