Assignment Instructions

Respond to all of the questions in the Word document in complete sentences.Be sure to support your statements with references to the content.

Unless otherwise stated, you should answer in complete sentences, and be sure to use correct English, spelling, and grammar.

Private Consumption

Think of three goods or services that you buy frequently. Fill in the following details for each good or service in the tabular template provided:

1. The current price and the quantity that you normally buy.
2. A higher price than the current price and the quantity that you will buy at that price.
3. A lower price than the current price and the quantity that you will buy at that price.