Economics Homework Help. Chicago State University Option B Purchasing Decision Essay
Essay
pick one question option A or option B
Option A: Describe an economic outcome that puzzled you before you took this course, but that makes sense to you now in light of what you have learned. Show how the model of supply and demand captures the phenomenon, being careful to use the language of economics correctly. If you select this option, you may choose to write about either an example of how markets work or an example of what happens when outside forces intervene in market outcomes.
Option B: Carefully using the terminology of the supply and demand model, describe a recent purchasing decision you have made. Include references to the factors that can shift demand. Show that you can clearly distinguish between a change in demand and a change in quantity demanded. If you select this option, you may choose to write about something you purchased or something you considered buying but decided against it.
