Supply and Demand

Discuss supply and demand and how they affect fluctuating prices in the market, and discuss how fluctuating markets affect individuals. Talk about different factors of supply and demand, such as manufacturing costs, the labor market, recession and depression, and even seasonal changes. Some examples are the price of electronics in an increasingly technology-based society, or the demand for staple food items in different regions.

Your paper will consist of three sections: Introduction, How the Research Topic is Relevant to Introductory Microeconomics, and Conclusion. Each section must be at least 1.5 P s in length. The Introduction section (which must be labeled by the heading "Introduction") provides background on the research topic. For instance, if the research topic is a prominent microeconomist, the section could highlight some unique personal characteristic(s), schools of academic training, areas of specialization and major contributions, etc. Similarly, if the research topic is an organization, the section could focus on organizational history and mission, scope of policymaking, etc. Lastly, if the research topic is an applied concept, you may wish to describe the circumstances that necessitated the implementation of the concept, how long has the concept been implemented in the circumstance being studied, has the concept application led to a change in the economic circumstances, etc.