Economics in the News

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This 7 page paper uses 5 news articles to illustrate different economics concepts. The paper looks at opportunity costs with the use of spending on a capital rather than consumable items, supply and demand with a shortage of supply causing process to increase, the influence of complimentary goods on sales, the use of price ceilings and the way marginal returns are increased by following a strategy to ensure total average costs are as low as possible. With each subject discussed there is an illustrating graph. The bibliography cites 5 sources.