Discussion:
Provide 3 examples of factors that will move supply and demand curves to the left and right (12 examples total). What happens to the Equilibrium?
What is the Small Business Administration? How does it assist small companies, financially and in other specialized ways?
Why are so many small-business owners attracted to fran- chising? Under what circumstances might it be better to start an entirely new business instead of purchasing a franchise?
What are the benefits and drawbacks to traditional corporate structure? How do S corporations and lim- ited liability corporations enhance the corporate legal structure?
Draw all 12 examples. Show which curve is changing its position and how.