{"id":210798,"date":"2018-09-14T12:52:11","date_gmt":"2018-09-14T12:52:11","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/14\/eco-550-week-1-dq-1-fundamental-economic-concepts\/"},"modified":"2018-10-24T08:42:35","modified_gmt":"2018-10-24T08:42:35","slug":"eco-550-week-1-dq-1-fundamental-economic-concepts","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/eco-550-week-1-dq-1-fundamental-economic-concepts\/","title":{"rendered":"ECO 550 Week 1 DQ 1 Fundamental Economic Concepts"},"content":{"rendered":"<p>&#8220;Fundamental\u00a0Economic\u00a0Concepts&#8221;\u00a0Please\u00a0respond\u00a0to\u00a0the\u00a0following:\t\tAnswer\u00a0the\u00a0following\u00a0DQs\u00a0based\u00a0on\u00a0the\u00a0Katrina&#8217;s\u00a0Candies\u00a0scenario:\t\tFrom\u00a0the\u00a0scenario\u00a0for\u00a0Katrina&#8217;s\u00a0Candies,\u00a0examine\u00a0the\u00a0key\u00a0factors\u00a0affecting\u00a0the\u00a0demand\u00a0for\u00a0and\u00a0the\u00a0supply\u00a0of\u00a0a\u00a0good\u00a0in\u00a0general\u00a0and\u00a0Katrina&#8217;s\u00a0Candies\u00a0specifically.\u00a0Distinguish\u00a0between\u00a0a\u00a0change\u00a0in\u00a0demand\u00a0and\u00a0a\u00a0change\u00a0in\u00a0the\u00a0quantity\u00a0demanded\u00a0(movement\u00a0along\u00a0the\u00a0demand\u00a0curve).\tFrom\u00a0the\u00a0above,\u00a0indicate\u00a0the\u00a0factors\u00a0that\u00a0are\u00a0responsible\u00a0for\u00a0a\u00a0shift\u00a0in\u00a0demand;\u00a0and\u00a0explain\u00a0how\u00a0the\u00a0change\u00a0is\u00a0effected\u00a0by\u00a0these\u00a0factors.\tIndicate\u00a0the\u00a0factors\u00a0that\u00a0are\u00a0responsible\u00a0for\u00a0a\u00a0shift\u00a0in\u00a0supply;\u00a0and\u00a0explain\u00a0how\u00a0the\u00a0change\u00a0is\u00a0affected\u00a0by\u00a0these\u00a0factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Fundamental\u00a0Economic\u00a0Concepts&#8221;\u00a0Please\u00a0respond\u00a0to\u00a0the\u00a0following: Answer\u00a0the\u00a0following\u00a0DQs\u00a0based\u00a0on\u00a0the\u00a0Katrina&#8217;s\u00a0Candies\u00a0scenario: From\u00a0the\u00a0scenario\u00a0for\u00a0Katrina&#8217;s\u00a0Candies,\u00a0examine\u00a0the\u00a0key\u00a0factors\u00a0affecting\u00a0the\u00a0demand\u00a0for\u00a0and\u00a0the\u00a0supply\u00a0of\u00a0a\u00a0good\u00a0in\u00a0general\u00a0and\u00a0Katrina&#8217;s\u00a0Candies\u00a0specifically.\u00a0Distinguish\u00a0between\u00a0a\u00a0change\u00a0in\u00a0demand\u00a0and\u00a0a\u00a0change\u00a0in\u00a0the\u00a0quantity\u00a0demanded\u00a0(movement\u00a0along\u00a0the\u00a0demand\u00a0curve). From\u00a0the\u00a0above,\u00a0indicate\u00a0the\u00a0factors\u00a0that\u00a0are\u00a0responsible\u00a0for\u00a0a\u00a0shift\u00a0in\u00a0demand;\u00a0and\u00a0explain\u00a0how\u00a0the\u00a0change\u00a0is\u00a0effected\u00a0by\u00a0these\u00a0factors. Indicate\u00a0the\u00a0factors\u00a0that\u00a0are\u00a0responsible\u00a0for\u00a0a\u00a0shift\u00a0in\u00a0supply;\u00a0and\u00a0explain\u00a0how\u00a0the\u00a0change\u00a0is\u00a0affected\u00a0by\u00a0these\u00a0factors.<\/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-210798","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210798","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=210798"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210798\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}