Assignment:
DEMAND AND SUPPLY
Using the firm used previously, read more about supply and demand from the Background material and address the following questions in a 3- to 4-page essay, APA format.
1. What good or service does your firm produce?
2. What are some factors that would cause a change in demand for this good/service?
3. Give some examples of changes in supply in the context of your good.
4. How has the market changed for the firm's particular good/service the past few years? For instance, what effect has technology had on the product? Does your firm now face more or less competition?
Assignment Expectations - ONLINE RESOURCES with Links ONLY
Use concepts from the modular background readings, as well as any good-quality resources you find from the Trident online library or other Internet search engines. Be sure to cite all sources within the text and provide a reference list at the end of the paper.
Length: 3-4 pages, double-spaced and typed.
The following items will be assessed:
• Your ability to perform an economic analysis of a firm of your own choice.
• Some in-text references to the modular background materials (APA formatting not required).
• The essay should address each element of the assignment. Remember to support your answers with solid references.
Economic Concepts: Demand, Supply, and Elasticity, Podcast. https://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12262
Economic Concepts: Demand, Supply, and Elasticity, Interactive Tutorial. https://www.pearsoncustom.com/mct-comprehensive/asset.php?isbn=1269879944&id=12226