Unit 2 Assignment

Supply and Demand

This paper draws on your reading of chapters 1, 2, and 3.

In a paper of 2 to 3 pages (double spaced), explain the basics of supply and demand for a business that you are personally familiar with. This might be an employer or a business where you are a customer. In your paper, note which elements of supply and demand are critical to understanding the operations of this business. Also, your paper needs to show the correct use of 10 or more glossary terms from the text. These are listed (with definitions) at the end of each section. In your paper, indicate the use of glossary terms by putting them in bold font.

About references, your paper should include at least two, but probably not more than five references. Websites are OK, but not encyclopedia articles, like Wikipedia. Use APA, MLA, or another standard reference format.