Discussion Post: Microeconomics
• Explain the law of demand to a recent purchase that you have had to make.
• Explain why prices are always flexbile.
• Analyze the role of the government when determining prices in markets.
• Identify one determinant of demand that has influenced the price that you have recently purchased and how it influenced markets.
• Identify one determinant of supply that has influenced the price that you have recently purchased and how it influenced markets.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.