Using the rEsourceElectronic Reserve Readings (ERR) for ECO365,the Course Web Links, University Library, Internet, and/or othersources of literature, locate an article concerning trends inconsumption patterns. Prepare a 1,050-1,400-word paper in whichyou: Define Economics Define Microeconomics Define Law of Supply Define Law of Demand Identify the factors that lead to a change in supply and a changein demand Analyze the basis for the trends in consumption patterns asdiscussed in the article. In your analysis, consider the utilityderived from the products mentioned in the article, describe whathas occurred to change the demand for, or the supply of, the goodor service, and market prices of those products or services. Or tosay it differently, make sure to utilize the terms you just definedas tools by which you analyze the article.
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