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Posted: March 16th, 2022
Gross Domestic Product (GDP)
Main Response is due by Thursday (11:59:59pm Central), Peer Responses are due by Saturday (11:59:59pm Central).
Main Response: Throughout the Dialogue Board space, write 200–250 phrases that reply to the next questions together with your ideas, concepts, and feedback. This would be the basis for future discussions by your classmates. Be substantive and clear, and use examples to strengthen your concepts.
For this Dialogue Board, please full the next:
You may have realized about provide and demand. You understand that when costs go up, individuals purchase much less. When costs go down, individuals purchase extra. For instance, should you went to the shop to purchase a pair of denims, however the retailer was having a sale the place should you purchased one pair, you bought a second 50% off, you most likely left the shop with a minimum of two pairs of denims. In case you went to Amazon to buy a tv to your bed room, however you discover that it value a number of hundred dollars greater than you anticipated, you would possibly determine to attend till Amazon go on sale on the holidays to purchase the TV.
To overview provide and demand watch the next brief video:
Provide and Demand Defined in One Minute
For this dialogue, reply the next:
Share an instance of a time you decided to purchase extra of a services or products as a result of the worth was low. Would you make a special resolution if the worth was very excessive?
Share an instance of a time you decided to purchase much less of a services or products as a result of the worth was excessive. Would you make a special resolution if the worth was very low?
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