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1a) In the News: If you bought any good or service this week, you have already participated in the market system that operates by demand and supply. What drives the demand for any product? Why are...

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1a) In the News: If you bought any good or service this week, you have already participated in the market system that operates by demand and supply. What drives the demand for any product? Why are firms willing to supply it?

Use the key word "economic news" in a Google search to find an appropriate news story or article that illustrates the ideas presented in the reading for this week.

Write a 3 to 5 paragraph summary of the information and also explain how it relates to what you have just learned. Do not copy and paste directly from the article except for small quotes that help explain your summary.

Answered Same Day Dec 26, 2021

Solution

Robert answered on Dec 26 2021
121 Votes
Amazon is opening bookstores
Amazon is opening bookstores in New York City. Why Amazon is opening
physical bookstores? As, there are many websites and educational information can
e covered by the internet but the traditional way of the gathering knowledge from
the books and also getting feeling while reading story from the book, makes its
demand in the market. As we purchased book, it makes the system of demand and
supply of the books.
Demand of the books: Demand of the books increased by the traditional way
of education, love of...
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