explain the answers

Question#1: Economists analyze the forces and trends that affect the economy as a whole, including how the multitude of buyers and sellers of a good together determine the price at which the good is sold and the quantity that is sold, the growth in average income, the fraction of the population that cannot find work, and the rate at which prices are rising etc. Required: Describe in detail with examples regarding the reasons behind studying economics, particularly in our BBA Program. Question#2. Why is it that the price responsiveness for some goods and services are high and for others low? Explain in detail with examples. Question#3. In economics it is intended to open up the vista of economics to the new student of economics and business studies. Economics is powerful and challenging, and the ideas that are discussed in the initial courses of economics serve as conceptual foundations for exploration of the subject. Required: Describe in detail with examples about the importance of the concepts of supply, demand and price in analyzing the initial concepts of economics