{"id":131591,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/consumer-demand-and-producer-supply"},"modified":"2017-08-16T06:57:03","modified_gmt":"2017-08-16T06:57:03","slug":"consumer-demand-and-producer-supply","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/consumer-demand-and-producer-supply\/","title":{"rendered":"Consumer demand and Producer supply"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p><strong>Course learning objective #3:<\/strong> Explain the relationship between consumer demand and producer supply.<\/p>\n<p>&nbsp;<\/p>\n<p>The law of demand states that as prices increase the quantity demanded decreases. The law of supply states that as prices increase the quantity supplied increase. Using these two laws,<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Explain how changes in prices result in a downwards sloping demand.<\/li>\n<li>Explain how changes in prices result in an upward sloping supply.<\/li>\n<li>What will happen when consumer demand equals producer supply?<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>*Make certain that you include in your explanation the concept of market equilibrium.<\/p>\n<p>Your explanations should take a few paragraphs to fully develop. Please submit here via a Microsoft Word document.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Course learning objective #3: Explain the relationship between consumer demand and producer supply. &nbsp; The law of demand states that as prices increase the quantity demanded decreases. The law of supply states that as prices increase the quantity supplied increase. <a href=\"https:\/\/www.benedictsol.com\/blogs\/consumer-demand-and-producer-supply\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-131591","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/131591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=131591"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/131591\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=131591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=131591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=131591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}