Analyze the basis for trends in consumption patterns

Assignment Help Macroeconomics

Reference no: EM1374258

Use the Internet, or other resources of literature, locate an article concerning trends in consumption patterns.

- Define Economics
- Define Microeconomics
- Define Law of Supply
- Define Law of Demand
- Identify the factors that lead to a change in supply and a change in demand

Examine the basis for trends in consumption patterns as discussed in the article. In your examine, think the utility derived from the products mentioned in article, explain what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services. Cite your references appropriately. If you used an electronic source, include the URL. Format your paper according to APA standards. Make sure all aspects are covered in the paper.

Reference no: EM1374258

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