ECO 212 Week 1 DQ 1
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What is Economics? How do you see it applied in your personal and professional endeavors?
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ECO 212 Week 1 Individual Assignment How People Make Economic Decisions Paper
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Individual Assignment due Day 7: How People Make Economic Decisions Paper
Write a 350- to 700-word paper in which you address the following:
Briefly explain the principles of individual decision-making.
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ECO 212 Week 2 Learning Team Assignment Supply
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Learning Team Assignment Due Day 7: Supply, Demand and Price Elasticity Paper
List 10 commodities that you use daily. Examples of these products may include: salt, coffee beans, and wheat.
Choose one of these products from the list of commodity products. Assume that this product operates within a market economy.
Write a 700- to 1,050-word paper addressing the following for the team’s chosen commodity:
Identify causes for shifts in supply and demand for the chosen product.
Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
Determine whether your commodity is a necessity or a luxury product. Identify the availability of substitutes for the product chosen by the team. Explain how the necessity of a good and the availability of substitutes impact the price elasticity of the product.
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ECO 212 Week 3 Learning Team Assignment Differentiating...