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
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.