Application Exercise 1 - Demand Analysis

Important

This application exercise should be submitted via D2L by end of the day on which it was introduced in lecture.

Based on our discussion today, please provide a short (1-2 paragraph) description of a demand analysis topic in an area of interest to you. Your response should address the following questions: - What is the demanded good or service? - What factors affect the demand for your chosen good or service (e.g., price, quality, flavour, colour)? - Does your chosen good or service have an impact on the environment? If so, what are the impacts?