ECO 204
I need the discussion back within 5 hrs the responds back within 48 and quiz back in 70 hrs. follow all instructions and no plagarism
Discussions
To participate in the following discussions, go to this week's Discussion link in the left navigation.
- Circular Flow Diagram
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.
Guided Response:
Review the discussion board posts of your classmates. Respond to at least two of your classmates and comment on their descriptions of the circular flow diagram and factors of production. Discuss how circular flow relates to current economic situations. - Supply and Demand
Analyze how the law of demand applies to a recent purchase that you made. Describe how the product has changed in price and explain whether the price change is due to supply or demand. Did the change in price affect your decision to purchase the item?
Guided Response:
Review the discussion board posts of your classmates. Note their analysis of a recent purchase and respond to at least two of your classmates. In your responses, discuss the effects of a price change and how it might alter your decision to make a purchase, according to the determinants of supply or demand.
Quiz
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Week One Quiz
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