Economic Definitions Assignment
Complete the following. Include your references using APA formatting.
Write the definition for each of the following:
1. Economics - Definitions
2. Law of Demand
3. Law of Supply
4. Price Elasticity of Demand
5. Macroeconomics
6. Microeconomics
Identify 2 Products whose demand is price elastic and explain why.
Which of the graphs for the best demonstrates the law of demand?
a) I
b) II
c) III
d) IV
Which of the following graphs best demonstrates the law of supply?
a) I
b) II
c) III
d) IV
