XECO 212 Week 2

CheckPoint: Price Elasticity and Supply and Demand Short Answer Quiz

Complete the Price Elasticity and Supply and Demand Short Answer Quiz in Appendix B.

Post your completed chart as an attachment.

Assignment: 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 according to APA guidelines.

Post your assignment as an attachment.