Research the University Library and Internet, and select a recent news article concerning trends in consumption patterns of a specific product, such as gasoline, oil, grain, or coffee.The following article which is located in the Electronic Reserve Readings on the student website is an example oftrends in consumption patterns:
Note. Do not use this article for your assignment.
Hauser, C. (2011, August 24). Sales of new homes fell again in July. The New York Times. p. 6. Retrieved from EBSCOhost.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowWrite a 700 – 1,050-wordpaper in which you do the following:
Analyze the basis for the trends in consumption patterns, as discussed in the article you selected.
·Consider the utility derived from a product or service mentioned in the article.
·Describe what has occurred to change the demand for the product or service and its market and equilibrium prices. Assume that supply remains the same.
·Describe what has occurred to change the supply of the product or service and its market and equilibrium prices. Assume that demand remains the same.
·In your opinion, is demand for this product or service price elastic or inelastic? What does this imply about how consumers respond to changes in the price of this product or service? Support your determination of the price elasticity of demand with a reference.
Format your paper consistent with APA guidelines.
Post your paper to your individual forum.
Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.
