(Answered) As part of a marketing research committee for your

Economics

As part of a marketing research committee for your organization, you have been assigned the task of preparing a 8-10 slides PowerPoint Presentation on current microeconomic thought and theory.

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
-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

Make at least ONE slide for each issue (hyphen). Put the major points on the slides NOT in the speaker note pages.)

Format slides and reference slide within APA guidelines

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Microeconomics, Economics

Category:- Microeconomics
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