ECO / 205 Week 2 Assignment

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Assignment: Supply and Demand

· Resources: Appendix C and Interactive Activity: Supply and Demand

· Due Date: Day 7 [Individual] forum

· Visit http://www.bized.co.uk/learn/economics/markets/mechanism/interactive/part1.htm

and read the material posted about supply and demand. Explore the concepts of supply

and demand by using the interactive features on the graphs. Use the questions following

the diagrams to guide your exploration. Visit parts 1, 2, & 3 of the Web site.

· Fill in the matrix and answer the questions in Appendix C. Describe how changes in

price and/or quantity of various goods and services will affect either supply or demand

and the equilibrium price. Use the graphs from the interactive activity as a tool to help you

visualize the changes in price and quantity.

· Post Appendix C as an attachment.

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