Recognize the factors which lead to change in supply and

Reference no: EM13394898

Write an article concerning trends in consumption patterns.

Prepare a 1,050-1,400-word paper in which you:

Define economics
Define microeconomics
Define the Law of supply
Define the Law of demand
Identify the factors that lead to a change in supply and a change in demand
Analyze the basis for the trends in consumption patterns as discussed in the article.

In your analysis, consider the utility derived from the products mentioned in the article, describe what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.

Reference no: EM13394898

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