Analyze the elasticity of demand and supply and its


write a three to four (3-4) page paper in which you:

Identify at least four (4) key points of a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-8.

Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.

Explain how the concept that you identified in Question 2 could affect the U.S. economy.

In your concluding paragraph, state whether you agree or disagree with the economic article identified in Question 1. Provide a rationale for the response.

Use at least three (3) quality resources in this assignment with one (1) being your article.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date.

The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Analyze the dynamics of supply and demand to anticipate market equilibrium.

Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies.

Describe the impact of various forms of competition on business operations with emphasis on perfect competition.

Use technology and information resources to research issues in principles of economics.

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5/5/2016 2:19:44 AM

Prepare a paper in which you have to obey the following requirements: The paper must be typed, single spaced, by using Arial Black font (size 12); having one-inch margin from all sides; text citations and references should follow MLA format. Prepare a 3 to 4 page paper in which you respond to the following: 1) Recognize at a minimum of 4 main points of a pertinent economic article from either the newspaper or Strayer Library. 2) Apply one of the given economic concepts (such as supply, demand, elasticity, market structures, costs of production, GDP, inflation, Unemployment, aggregate demand and aggregate supply) to the main points. 3) Describe how the concept which you recognized above could influence the U.S. economy. 4) Examine the dynamics of supply and demand to predict the market equilibrium. 5) Examine the elasticity of demand and supply and its significance and the effect of the taxes or other public policies.