Microeconomics

Assignment Instructions

Respond to all of the questions in the Word document in complete sentences.  Be sure to support your statements with references to the content.

Be sure to save an electronic copy of your answers before submitting it to  for grading.  Unless otherwise stated, you should answer in complete sentences, and be sure to use correct English, spelling, and grammar.  Sources must be cited in APA format.

Private Consumption

Think of three goods or services that you buy frequently. Fill in the following details for each goods or service in the tabular template provided:

1.  The current price and the quantity that you normally buy.
2. A higher price than the current price and the quantity that you will buy at that price.
3. A lower price than the current price and the quantity that you will buy at that price.

Then respond to the three essay analysis questions in 2-3 paragraphs each.

Length2-3 paragraphs for each question.Font12 point Calibri fontProgram/File TypeSubmit in the downloadable Word fileAttachmentsShould be pasted into the Word document if possible.Referencing systemAPA referencing system is necessary in assignments, especially material copied from the Internet.