ECO 365, ECO-365, ECO365, ECO/365,ECO 365 Week 1 DQ 1 Version 4 Principles of Microeconomics¸ Economics (8th ed.). New York, NY: McGraw-Hill

ECO 365 Week 1 DQ 1

Identify a good or service with which you are familiar. What factors have contributed to changes in the supply of and demand for that good or service? What was the effect on the equilibrium price and quantity? How do you expect changes in the microeconomy and macroeconomy to affect future supply of and demand for that good or service? Do you expect the equilibrium price to increase or decrease as a result?