Economics Question

Econ 101 – Fall 2024 ASSIGNMENT Due date – May 12TH INSTRUCTION: This is a group study (one or two students) assignment where you are asked to write a report that shouldn’t exceed two pages. TASKS Select one “Product” form a credible source (excluding MENA region) and answer the following questions. The source should be released after 2010 and should be attached to the assignment. 1. Part One: Description of the Product (1.5 marks) Name of the Product, and specify if the main topic is about (i) consumer theory, (ii) producer theory, (iii) a market, where you should specify the type of competition. Good writing skills including proper grammar, vocabulary, and punctuation will heavily count. 2. Part Two: Analysis (1.5 marks) Specify the type of price elasticity of demand or supply, barriers of entry, economies of scale, market share, total profit? 3. Part Three: Policy (2 marks) Provide two policies that make consumer better off, or producer better off, or any market regulation. Example of Electronic References:  https://www.sogolytics.com/blog/how-to-write-market-research-analysis-report/  Industry Market Research, Reports, & Statistics: https://www.ibisworld.com/  Journal of Agricultural and Resource Economics  Journal of Agricultural and Food Research