AP Microeconomics: Economics and Scientific Method

Discussion Topic Scientists use a set method of forming a hypothesis, testing it, maybe revising it, and arriving at a conclusion. Economists use some of these same methods but can't always follow the entire sequence. Post a message answering the following questions: 0 If an economist wants to test a theory on why the price of a product like gasoline uctuates so much, what kinds of problems might he or she face in getting information? 0 What kinds of variables exist in the market for a product like gasoline? o Are some of the variables more important than others? Which? Why