Q Chapter 2 Written Assignment Principles of Supply and Demand Introduction This written report will demonstrate your understanding of the principles of supply and demand. Steps 1. Go online and search for a chart of oil prices for the last few years. 2. Answer the following questions: a. Why does the price of oil fluctuate so greatly? b. What will happen as more and more people in India and China decide to buy automobiles? c. What would happen if most US consumers decided to buy electric cars? Why? Requirements Based on the information you have gathered, write a 1-page business report answering each question and provide details/examples to support your answers. Please remember that business reports use block formatting, have a Title, Introduction, Information, Summary and Works Cited sections (Refer to posted examples in Modules). Also business writing is clear and concise. Further, please state the question and then underneath place your response. When your report is complete, please submit to the appropriate Assignment link provided. All responses will be run through TurnItIn to check for plagiarism. PreviousNext
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