STRAYER ECO100 WEEK 1 AND WEEK 2 DISCUSSIONS FALL 2015
Question # 00041843
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Updated on: 01/17/2015 12:04 AM Due on: 02/12/2015
week 1
"What Is Economics and Principles of Economics" Please respond to the following:
- Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.
- Explain two (2) ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.
week 2
"Demand and Supply and Elasticity" Please respond to the following:
- Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
- Identify two (2) elastic and two (2) inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
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Solution: STRAYER ECO100 WEEK 1 AND WEEK 2 DISCUSSIONS FALL 2015