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Economics in the Current News Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you...

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Economics in the Current News

Take some time to think about the ways in which your learning in this class relates to the real world. Has the knowledge you gained been valuable in helping you understand or evaluate events or policies? Are there any current events in the news that you can directly link to concepts or theories covered so far?
Guided Response:
Review the popular news websites listed in the Current Events required readings section for this week. In 300 words or more, discuss one current event article and explain how economic theory can be applied to analyze the information presented. Make sure to provide an APA reference to your article.
Answered Same Day May 27, 2021

Solution

Sudipta answered on May 29 2021
142 Votes
Running head: Economics in the Cu
ent News                            1
Economics in the Cu
ent News                                    3
ECONOMICS IN THE CURRENT NEWS
Table of Contents
Discussion    3
References    4
Discussion
‘Demand theory’ is one of the most common theories in the field of economics. Demand theory stated that price is the main determinate of demand (Na, 2016). In other words, if the price of a product increases then demand for that product will decrease. While looking at an article by Spence (2019), I have seen this theory is not only restricted to my textbook but it has real-life application. The selected article stated that last year Apple launched their
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