Establish initial condition with appropriate econimic models


Discussion:

1)Discuss the scenario

2)Apply econimic theory to dissect and analyze the scenario. Using the econimic theory, help the reader to understand if its demand -side, supply-side or a topic that impacts both side o the issue.

3) What is the product or service that is impacted?

4)How elasticities of demand and/or supply have or are expected to e impacted.

5)Estalish the initial condition with appropriate econimic models

6)Estabilish the dynamic of the scenario into the model with logical conlusions clearly identified.

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Microeconomics: Establish initial condition with appropriate econimic models
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