DEMAND AND SUPPLY

1. 250 word post that describes what you think is the difference between Macro and Micro economics. I am looking for depth and information on supply (business) and demand (consumer demand) and overall aggregate economy challenges.

2. 250 word post on WALMART in regards to the Law of Supply. Please write about WALMART and how it is surviving nicely during the pandemic. Why do you think this is so? Is it their balance sheet or demand?

3. 250 word post on the Law of Demand. As the price goes up the demand for an item goes down. Please use a specific example of a product where demand is elastic and where demand may have become inelastic as a result of COVID-19.

Answer previw
Post 1: Difference between Macro and Microeconomics
Macroeconomics means the study of the economy on a massive scale, and its focus is mainly on regional, global, and national dimensions of economics. The purpose of macroeconomics is to maximize national income for national growth. Microeconomics refers to the study of decisions that businesses and people make on allocating resources and fixing the price of goods. Ideally, microeconomics deals with the supply of goods that consequently influences the price of the products (Felardo, 2016). The critical…
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DEMAND AND SUPPLY

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DEMAND AND SUPPLY