Home » Product Purchases and the Economy

Product Purchases and the Economy

You’ve been debating on making a purchase for yourself.  This is a product you’ve wanted for a while, but one that requires budgeting because you will be making monthly payments. 

Select a product in which the demand for the product is clearly affected by the strength or weakness of the overall economy such as new homes, cars, appliances, smart phones, etc.

My choice to purchase is a new home

Write a 1,050- to 1,400-word paper in which you address the following: 

  • Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, housing starts, etc.).
  • With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years?
  • What was the impact on the supply of the product and the impact on the demand for the product?
  • Explain the impact on the price of the product and your decision on whether or not to buy the product.
  • Include responses to the following: 
    • How might you apply what you learned about supply and demand to your work place or your understanding of the product you are considering purchasing?
    • How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the price of the product?

Include in in-depth introduction and conclusion

Format Paper with APA guidelines

Cite a minimum of three peer-reviewed sources not including your textbook

This is the book we are using in class:

Colander, D. C. (2013). Economics (9th ed.). Boston, MA: McGraw-Hill/Irwin

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10