Microeconomics Discussion 4


Topic: Supply and Demand

  • Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.

Directions:

  1. Post your initial reply to the topic above by Wednesday evening at 11:59pm.
  2. Read through the other entries and reply directly to at least two classmates by Sunday evening at 11:59pm.

Please make a substantive contribution to the discussion; short replies such as “I agree” will not earn full points. When you reply, make sure to use professional grammar and punctuation