Economics Week 5 Discussion - Using the product or service that you

Economics

WK 5 Economics

Using the product or service that you have selected for your assignments, read and reply to each of the prompts below: Microsoft

· Would you classify your product or service as inferior, normal, or luxury? 

· What are its substitutes and complements, if any?

· In what ways does your product or service provide utility to your customers?

· Name one strong utility feature and one weak utility feature of the product or service.

As described in the lecture, discuss one factor that has shifted demand OR supply of your product or service within the last year.