In Week 1, students are introduced to the ten fundamental principles on which the study of economics is based. Throughout this course, the students will

In Week 1, students are introduced to the ten fundamental principles  on which the study of economics is based. Throughout this course, the  students will use these ten principles to better develop their  understanding of economics and how society manages its scarce resources.  Students will see how markets work using supply and demand for a good  to determine both the quantity produced and the price at which the good  sells. The concepts of equilibrium and elasticity are used to explain  the sensitivity of quantity supplied and quantity demanded to changes in  economic variables. Students will see how government policies impact  prices and quantities in markets. , Ch. 1, 2, 3, 4, and 6. an 875-word research paper as part of a  marketing research committee for your organization about current  microeconomic thought and theory. the fundamental lessons the Ten Principles of Economics teaches regarding: the following to the committee members understand how markets work: consistent with APA guidelines.

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