ECO 365 WEEK 2 Small Business Analysis Paper

<span itemprop="name">ECO 365 WEEK 2 Small Business Analysis Paper</span>

ECO 365 WEEK 2 Small Business Analysis Paper

ECO 365 WEEK 2 Small Business Analysis Paper

ECO 365 WEEK 2 Small Business Analysis Paper

Write a 750- to 900-word paper as a team. In the paper, be sure to address the following:

  • Choose a specific small business like a store selling sandwiches on a college campus list and describe the most important inputs needed to start and run this business.
  • Product prices are determined by market forces or the forces of supply and demand.  Describe a specific event that would cause market demand to shift to the right resulting in a higher equilibrium price.
  • If the price of the product sold by your business increases due to a shift of market demand how is this likely to affect your potential for earning profits?
  • If more firms enter the market, how does this affect market supply?  How does the shift in market supply affect the price of the product and how is this likely to affect your potential for earning profits?

Format your paper according to APA standards.  Include a cover page following APA guidelines and carefully edit your paper for content, organization, readability, and mechanics.  The first paragraph should introduce the topics to be covered and the last paragraph should summarize the conclusions.  Include properly-formatted citations on the last page.

ECO 365 WEEK 2 Small Business Analysis Paper