ALLIED ECN150 MODULE 1 and module 2 discussions

module 1According to the Circular Flow Diagram on page 25 in our textbook, our flow of dollars from income earned for household to spending for god and services causes revenue for the firms.module 2In economics, the law state that, all else being equal, as the price of a product increases, quantity demanded fails, and if the price of a product decreases, quantity demanded increases.