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Assignment: Supply and Demand Choose one good with which you have had experience purchasing:

2. Assignment: Supply and Demand

· Choose one good with which you have had experience purchasing:

o New home
o New car
o Vacation to a theme park
o Washing machine
o Computer
o College
o Other

· Write a 950-to-1050 word paper explaining factors that affect supply and demand. Include the following:

o Explain factors that could cause possible changes in supply and demand.
o Determine at least two substitutes there may be for your product.
o Determine at least two complements there may be for your product.
o Explain how the necessity of your chosen good impacts price elasticity

· Format your paper according to APA guidelines.

· Post your assignment as an MS-Word attachment having a .doc or a .docx filename extension via the Assignment section of eCampus by Day 5

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