ECO 365T Wk 1 Discussion – Law of Supply and Law of Demand

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

Define the law of supply and the law of demand. Discuss how market supply differs from individual supply, and explain the difference between individual demand and market demand.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.