ECO100Principles of Economics

Description Watch the video, www.youtube.com/watch?v=PzDthFTzEa0&t=1s to help you prepare for this week’s discussion. Start your discussion by responding to these questions using the company for which you currently work, a business with which you’re familiar, or a dream business you want to start: With your selected business in mind, determine if it is perfectly competitive,…

Description This week, we learned that the interaction of supply and demand determines prices and output levels in markets. Prices and output levels change when either the demand curve or the supply curve shifts. Sometimes price and output both increase and decrease. Sometimes one increases while the other decreases. Lithium is used in rechargeable batteries…