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August 15, 2021

Task 2

Task 2

Task 2: Supply and Demand

Supply and demand are two words that economists use most often. Supply and demand are the forces that make market economies work.

This week the focus is on the Law of Demand and The Law of Supply.

Review chapters 4 and 5

Review Appendix B Page 102 – 105
Watch
Price Controls: review Issues & Applications (P. 96)
Watch the S
Watch the
Research Current Economic Article on the supply of oil in global markets. The assignment is in Important Documents folder.

Remember: All writing must be supported by academic literature and will be in APA format during this course. You must cite each sentence in which you used materials from your academic literature. Your work will be checked for academic integrity by the TII system. For a great breakdown of academic literature, please visit:

Do not use Wikipedia, Ask.com, Articlebase, businessdictionary.com, eHow, smallbusiness.chron.com, slideshare, referenceforbusiness.com, or term paper websites. From time-to-time, the professor may point out other sources that are not reliable academic sources.

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