Project #11397 - economics

Give an example of something that is scarce in your life and explain the choices you've made because of scarcity. What is the relationship between the price of a product and how scarce it is? Also, what is your opportunity cost of taking this course at Eastern University?




0  Who ever does this for me the cost of this class is 1500 plus books of 150 only needs a two paragraphs for all questions 0 0
Class 2 Discussion Board

The economy collapsed in the fall of 2007.  A lot of it had to do with the housing market.  In hindsight it turns out that the housing  market was "artificially high".  In essence there was a strong demand for housing for a lot of reasons and this "shifted" the demand curve. 

Research some of the programs or policies which shifted the demand curve for housing. 

Which way did the demand curve shift? 

What impact did the shift in the demand curve have on home prices? 

What programs or policies would you put in place to prevent this from happening again?

0 0 0
Class 3 Discussion Board


Explain why the demand for a particular brand of fast food tends to be more elastic than demand for all fast food. Identify and explain one elastic and one inelastic good or service that you have recently purchased. Make sure to relate your answer to the market characteristics of elasticity. Also, if you owned a store, what would you rather sell, elastic or inelastic products?

Subject Business
Due By (Pacific Time) 09/02/2013 12:00 am
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