Class Task The table below shows the demand and supply Schedules for product X
Price
Demand
Supply
20
10
200
20
170
30
30
140
40
40
110
50
50
80
60
60
50
70
70
20
80
a. The demand and supply curves for product X
b. Determine the equilibrium price and quantity of product X

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?

The american dream includes home ownership. but in the last few years, it's gotten harder and harder to own a home. do you think home ownership is important to most americans today? why or why not?

Select each of the paced steps below. define the problem. conduct an internet search for information. list the alternatives. select the criteria. evaluate the alternatives. make a decision. evaluate the decision.