Identify two of the economic principals that you want to learn more about and why. Discuss a recent price increase of a product or service you were in the market to buy. Did you buy the product at the higher price? Why or why not? Was the price increase you observed caused by an increase in demand or a decrease in supply? Explain?
The economic principle I would like to learn about is how the market arrange economic activities since they enable value of... View the full answer