Create a PowerPoint presentation of 12-15 slides (not including the title and reference slides) discussing supply and demand in the public sector. Include the following:
1 Choose an economist discussed in Chapters 3-4 and explain that philosopher’s market theory.
2 Explain demand theory. Discuss factors that cause changes in demand and quantity demanded.
3 Explain supply theory. Discuss factors that cause changes in supply and quantity supplied.
4 How do changes in supply and demand effect market price and quantity?
5 Explain the implications of tax on both supply and demand.
6 Discuss the black market and government’s response. How do the laws create higher risks for suppliers? Explain.
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