WU Microeconomics Demand of Cars Discussion


In this Discussion, you will examine your purchases of a product or service and consider the extent to which price changes have a minor or significant effect on the quantity you purchase.Post a 75- to 150-word (1- to 2-paragraph) explanation of the factors that influence your decision about how much of your selected product or service to purchase. In your explanation, address the following:What might happen if the price of that product or service fell or rose?Identify complements to and substitutes for the product or service you identified. How do these other products or services influence your purchasing decisions?To support your response, be sure to reference at least one properly cited scholarly source.

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