Pick a product or service you use in your everyday life and describe the market for this product.
Address the following questions:
What factors influence the demand for this product? What factors influence the supply of this product?
How have these changes in supply and demand affected the equilibrium price of this product?
Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is
driving these changes?
Complete this essay in a Microsoft Word document in APA format.
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