Eco 212 week 2 Learning Team Assignment: Supply and Demand and Price Elasticity Paper - 7238

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  Learning Team Assignment: Supply and Demand and Price Elasticity Paper

 

·         Resources: Principles of Economics textbook and Tomlinson Economics Videos

·         Review the following Tomlinson Economics Videos available on your student Web site:

 

o    Demand (4.2-1 to 4.2-5)

o    Supply (4.3-1 to 4.3-5)

o    Putting Supply and Demand Together (4.4-1 to 4.4.-3)

 

 

·         Write a 700- to 1,050-word paper summarizing the content presented in the videos. In the paper, be sure to address the following:

 

o    Explain what causes changes in supply and demand.

o    Determine how changes in price and quantity influence market equilibrium.

o    Describe how the necessity of a good and the availability of substitutions affect price elasticity.

o    Compare and contrast market systems and the role of an economist within these systems.

 

·         Cite your references appropriately. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

Format your paper consistent with APA guidelines

Solution Description

  Learning Team Assignment: Supply and Demand and Price Elasticity Paper

 

·         Resources: Principles of Economics textbook and Tomlinson Economics Videos

·         Review the following Tomlinson Economics Videos available on your student

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ECO 212 Week 2 Supply, Demand & Price Elasticity Paper.docx
ECO 212 Week 2 ...