Your writing should be professional and conversational, as well as descriptive and detailed.

Purpose: This assignment aims to provide you with the opportunity to explain economic concepts and principles by exploring data presented in different formats depending on the context of each module/week. The goal is to measure your comprehension of the primary elements of microeconomics with a qualitative approach to economic analysis.
Parameters: For this assignment, you will use the attached template to answer a series of essay questions from your course textbook. Each response should be at least 4-5 sentences in length and include explanatory charts, tables, and/or illustrations where applicable. At least 1 reference to your course textbook to support assertations is required. Your writing should be professional and conversational, as well as descriptive and detailed. Be sure to explain how economic applications can be implemented to professional business ideas or plans and personal interests in your responses, including practical examples that are relevant to your understanding of the chapter material.
Prompt: Using the provided template, answer each question with a brief paragraph of four to five sentences, supplemented by explanatory charts, tables, and illustrations where applicable. Submit your completed Word document to this assignment submission link.