STRAYER ECO100 WEEK 1 AND WEEK 2 DISCUSSIONS FALL 2015

week 1″What Is Economics and Principles of Economics” Please respond to the following:Identify a recent purchase that you made and determine how scarcity influenced your purchase decision.Explain two (2) ways in which you applied the use of marginal cost and benefit to your decision to pursue a college degree.week 2″Demand and Supply and Elasticity” Please respond to the following:Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.Identify two (2) elastic and two (2) inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.