ECO 205 Week 2 Assignment Supply and Demand
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1. Assignment: Supply and Demand
Due Date: Day 7 (Individual forum)
• Visit the Interactive Activity: Supply and Demand Web site available on Week Two of your student Web site.
• Read the material posted about supply and demand. Explore the concepts of supply and demand by using the interactive features on the graphs. Use the questions following the diagrams to guide your exploration. Visit Parts 1, 2, & 3 of the Web site.
• Complete the matrix and answer the questions in Appendix C. Describe how changes in price and quantity of various goods and services will affect either supply or demand and the equilibrium price. Also, make sure to answer the three questions listed above the matrix.
• Use the graphs from the interactive activity as a tool to help you visualize the changes in price and quantity.
• Post Appendix C as an attachment.
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ECO 205 Week 1 DQ 1 and DQ 2
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1. Discussion Question 1
Due Date: Day 2 (Main forum)
• Post your response to the following: The principles of economics influence your decision-making, interaction with others, and the economy as a whole. Provide one example of how you are personally affected by each of the three areas. Are you affected positively or negatively? Explain your reasoning. How do budget constraints and personal preferences affect your choices as a consumer?
1. Discussion Question 2
Due Date: Day 4 (Main forum)
• Post your response to the following: Discuss similarities and differences in the roles economists play as policy advisors and as scientists. How would advice offered to policy makers differ depending on which role an...