21 Jun Question
As part of a marketing research committee for your organization, you have been assigned the task of preparing a 8-10 slides PowerPoint Presentation on current microeconomic thought and theory.
Identify the fundamental lessons the Ten Principles of Economics teach about:
-How people make decisions
-How people interact
-How the economy as a whole works
-Explain the following to help the committee members understand how markets work:
-How society manages its scarce resources and benefits from economic interdependence
-Why the demand curve slopes downward and the supply curve slopes upward
-Where is the point of equilibrium and what does it determine?
-The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices
**** Make at least ONE slide for each issue (hyphen). Put the major points on the slides NOT in the speaker note pages.)
Format slides and reference slide within APA guidelines
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