Explain factors that could cause possible changes in supply

Assignment Help Business Economics

Reference no: EM13253331

Choose one good with which you have had experience purchasing:

New home

New car

Vacation to a theme park

Washing machine

Computer

College

Other

Write a 700- to 1,050-word paper explaining factors that affect supply and demand. Include the following:

Explain factors that could cause possible changes in supply and demand.

Determine at least two substitutes there may be for your product.

Determine at least two complements there may be for your product.

Explain how the necessity of your chosen good impacts price elasticity

Reference no: EM13253331

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