Elasticity and Consumer Choices

The final Team assignment is a collaborative team effort and must include the following:
* One concept – (your choice) from each chapter in the textbook
* Explain each concept with a real-world example from either WSJ, an economist, or a peer-reviewed article from the school library
* every concept must be cited
textbook Principles of Economics 2e timothy taylor
first three pages dedicated to this part ^
last page dedicated to this part v
(I chose demand and supply as the topic)
Please respond to the following using a citation from the text with a strong example in your own words:
Pick a subject/topic from weeks one to eight chapter readings and identify it with something in the real world. Use any of the following to support what you learned from the textbook readings:
* current economic situation in media
* current political situations dealing with the economic issue
* current article in a newspaper or magazine( please cite)
Example. One of the topics we learned was supply and demand another topic we learned was Tariffs. Relate the readings from textbook to these real world topics.


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