Assignment 1: Law of Demand<\/span><\/strong><\/span><\/span><\/p>\n The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is this always true?<\/span><\/p>\n In your answer, provide at least three examples of products for which quantity demanded remains unchanged regardless of a change in price. Also, provide at least three examples of products for which quantity demanded increases <\/strong><\/span>in response to an increase in price. Also, include a discussion of the factors of demand that may account for such examples and justify your conclusions.<\/span><\/p>\n By Friday, January 18, 2013<\/span>, post your initial discussion response in the M2: Assignment 1 Discussion Area<\/span><\/p>\n Assignment 2: What is Gross Domestic Product?<\/span><\/strong><\/span><\/p>\n Go to the following website:<\/span><\/strong> Based on the information contained on the website above, answer the following questions:<\/span><\/p>\n Submit your responses in an Microsoft Word document in a short answer\/worksheet format.<\/span><\/p>\n By<\/span> Wednesday, January 23, 2013<\/strong><\/span>, submit your responses to the appropriate<\/span> M2: Assignment 2 Dropbox<\/strong><\/span>.<\/span><\/p>\n The following chapters from the assigned textbook,<\/span> Macroeconomics<\/em><\/strong><\/span>:<\/span><\/span><\/p>\n <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Assignment 1: Law of Demand The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is this always true? In your answer, provide at least three […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/121909"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=121909"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/121909\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=121909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=121909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=121909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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