1. Prepare a 1 page essay that summarizes how microeconomics affects Apple company. Need a introduction a good thesis and a summary one page long. a introduction a good thesis and a summary one page long.
2. Some economists believe that supply determines what happens to demand while others believe demand determines what happens to supply. Explain both sides with examples.
The supply and demand for one product can affect the supply and demand for complementary items. Explain and give examples.
The supply and demand for one product can affect the supply and demand for substitute items. Explain and give examples.
What is "Elasticity?" Identify products which have an elastic demand. Identify products which have an inelastic demand. Identify products with a unitarily elastic demand. Explain what this means for all three. answer each question seperate