ECON 545 Week 1 Discussion Question 1 and 2

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ECON 545 Week 1 DQ 1, Supply and demand

Read the Making the Connection short case titled Forecasting the Demand for iPhones in Chapter 3 of our textbook, and also be sure to watch the video right under the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video. Then work on Problems and Applications 1.17, at the end of Chapter 3, answering and discussing the questions in that exercise.

ECON 545 Week 1 DQ 2, Elasticity and the Minimum Wage

Read the Making the Connection short case titled Why Are Oil Prices So Unstable in Chapter 6 of our textbook, and also be sure to watch the video right under the Making the Connection title (maybe a few times). Then post your first posting this week beginning to discuss what you’ve read and watched in the video. Then work on Problems and Applications 6.3, at the end of Chapter 6, answering and discussing the questions in that exercise. You don’t have to post a graph, but please at least create one on paper and discuss the results.