Supply and Demand
Create a PowerPoint presentation of 12-15 slides (not including the title and reference slides) discussing supply and demand in the public sector. Include the following:
Economist Adam Smith – explain that philosopher’s market theory.
Explain demand theory. Discuss factors that cause changes in demand and quantity demanded.
Explain supply theory. Discuss factors that cause changes in supply and quantity supplied.
How do changes in supply and demand effect market price and quantity?
Explain the implications of tax on both supply and demand.
Discuss the black market and government’s response. How do the laws create higher risks for suppliers? Explain.
Be sure to include graphs, charts and other visuals in your presentation that will enhance your analysis. Include slide notes containing explanations and rationale.
Be sure to cite three to five relevant scholarly sources in support of your content.