First, describe the laws of supply and demand. Based on these laws, describe the factor(s) that will lead to a movement along the curve for each. Provide an example for each law.
Next, in a separate paragraph, explain all the factor(s) that will lead to a shift in demand and explain all the factor(s) that will lead to a shift in supply. Provide an example of each of these factors. In your example, explain if the shift in the curve will be to the right or left and why.
Remember, use your own words in your response and when explaining terms. Do not copy the textbook or any other source.
At the end of your response, include one complete reference list in APA format for all sources use in this essay and used in all your short answers.
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