Discussion:
After viewing the assigned videos, analyze in depth, supply and demand and the law of demand. Explain in a scenario how each works with and against the economy.
• Money Supply and Demand Impacting Interest Rates
• Break Down of Gas Prices
• Short-Run Oil Prices
• The Law of Supply
• Factors Affecting Supply
• Long-Term Supply Curve
• Law of Demand
• Change in Expected Future Prices and Demand
• Normal and Inferior Goods