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Choose a product or service of interest and conduct a comprehensive market analysis. For example: Canadian Real Estate (e.g., housing in Vancouver or Toronto). This
Choose a product or service of interest and conduct a comprehensive market analysis. For example: Canadian Real Estate (e.g., housing in Vancouver or Toronto). This is just an example, you can choose any other product/service. You should: Describe the product, its importance, and its market. Identify the determinants of demand and supply for this product and analyze how these determinants affect the market equilibrium. Evaluate the price elasticity of demand and supply for the product and discuss how price changes would affect the quantity demanded and supplied. Identify the market structure (perfect competition, monopoly, monopolistic competition) the product belongs to, and analyze how this market structure affects pricing and output decisions
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