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XECO 212 Week 2 Supply and Demand Paper
Choose one good with which you have had experience purchasing:
- New home
- New car
- Vacation to a theme park
- Washing machine
- Computer
- College
- Other
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.
Click the Assignment Files tab to submit your assignment.