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ECO 365 - As part of a marketing research committee

Question # 00510908
Subject: Economics
Due on: 04/12/2017
Posted On: 04/12/2017 09:41 AM

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As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700- 1050word research paper about current microeconomic thought and theory.
Use Principles of Microeconomics, Chs. 1, 2, 3, 4, 5, and 6, as the source for all your information.
Identify the fundamental lessons the Ten Principles of Economics teach about:
How people make decisions
How people interact
How the economy as a whole works

I have been doing too much coping and pasting I need more original stuff



Explain the following to help the committee members understand how markets work:
How society manages its scarce resources and benefits from economic interdependence
Why the demand curve slopes downward and the supply curve slopes upward
Where is the point of equilibrium and what does it determine?
The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices
Format consistent with APA guidelines.

Tags committee research marketing equilibrium slopes principles demand people research committee curve supply economic interdependencewhy scarce markets understand members workhow society resources manages benefits upwardwhere elasticity taxes changes pricesformat guidelines consistent controls price point

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ECO 365 - As part of a marketing research committee

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