Assignment1-ECON101D008Fall2022-APEI.pdf
1/25/23, 7:33 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI
https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 1/2
Assignment #1
Hide Assignment Informa�on
Turnitin™
This assignment will be submitted to Turnitin™.
Instructions
ECON101 D008 Fall 2022 LE
Assignments Assignment #1
For this assignment, you will apply the concepts of supply and demand analysis
concepts to a specific good or service you use in your everyday life. In your paper,
include a discussion of the following as subheadings in your paper:
1. Describe the good. What are its main characteristics?
2. What are some of the substitutes and complements for the good?
3. Indicate whether the good is a normal good or an inferior good. Explain the
reasons for your choice.
4. Identify and describe the main nonprice factors that could cause an increase
or decrease in the demand for the good or service.
5. Identity and describe the main nonprice factors that could cause an increase
or decrease in the supply of the good or service.
6. Explain how a change in demand affects the equilibrium price and quantity
of the good or service.
7. Explain how a change in supply affects the equilibrium price and quantity of
the good or service.
8. Based on your research of the good or service, what do you expect to
happen to the demand for it over the next five years?
9. Based on your research of the good or service, what do you expect to
happen to the supply of the good or service over the next five years?
Complete your essay using Microsoft Word and use the proper APA format. The
essay must be at least 1500 words. Note that your work will automatically be
submitted to Turnitin for plagiarism review.
1/25/23, 7:33 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI
https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 2/2
Add a File Record Audio Record Video
Start Date
Jan 20, 2023 12:01 AM
Due Date
Jan 20, 2023 11:55 PM
Show Rubrics
Submit Assignment
Files to submit
(0) file(s) to submit
After uploading, you must click Submit to complete the submission.
Comments
Submit Cancel
