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For Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

  • What factors influence the demand for this product? What factors influence the supply of this product?
  • How have these changes in supply and demand affected the equilibrium price of this product?
  • Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 750 words for your essay is required.

 
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