Choose one good with which you have had experience purchasing:
· New home
· New car
· Vacation to a theme park
· Washing machine
Write a 700- to 1,050-word paper explaining factors that affect supply and demand. Include the following:
· Explain factors that could cause possible changes in supply and demand.
· Determine at least two substitutes there may be for your product.
· Determine at least two complements there may be for your product.
· Explain how the necessity of your chosen good impacts price elasticity
Format your paper consistent with APA guidelines.
Post your assignment as an attachment.
When purchasing a new car, there are many factors to consider. At the time my husband and I bought a car, we had to ask ourselves numerous questions to determine wh