ECO / 205 Week 2 Assignment
Assignment: Supply and Demand
· Resources: Appendix C and Interactive Activity: Supply and Demand
· Due Date: Day 7 [Individual] forum
· Visit http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm
and read the material posted about supply and demand. Explore the concepts of supply
and demand by using the interactive features on the graphs. Use the questions following
the diagrams to guide your exploration. Visit parts 1, 2, & 3 of the Web site.
· Fill in the matrix and answer the questions in Appendix C. Describe how changes in
price and/or quantity of various goods and services will affect either supply or demand
and the equilibrium price. Use the graphs from the interactive activity as a tool to help you
visualize the changes in price and quantity.
· Post Appendix C as an attachment.
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