Strayer ECO550 Week 1 Discussion Question

 ECO 550 Week 1 Discussion Question
ECO 550 Week 1 Discussion Question
“Fundamental Economic Concepts” Please respond to the
following:
From the scenario, examine the key factors affecting the demand
for and the supply of a good or service. Distinguish between changes in demand
and changes in the quantity demand. Indicate the factors that could lead to
changes in demand / supply and changes in the quantity demanded / supplied.
Determine the sets of factors that could lead to an increase in supply or
demand on the one hand and a decrease in supply or demand on the other.
From the e-Activity, examine the key factors that influence
the supply and demand of the selected good or service. Propose two (2) methods
in which organizations that provide the selected good or service may utilize
this information. Provide a rationale for your response.