This assignment requires a 1000-1200 word essay, written in APA style, using at least five reputable sources to discuss key microeconomic concepts, apply the supply and demand model, and analyze factors of production and their economic returns.

General requirements – PLEASE READ THEM CAREFULLY  
–  All answered must be submitted on WORD FORMAT only and typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted).
– Cover Page is mandatory.
– Cite at least five reputable sources to support your arguments and claims.
– Use proper citation formatting.
– Use proper referencing (APA style) to reference, other styles will not be accepted.
– Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more.
– Should be approximately 1000-1200 words in length.
Outcomes to be Covered: –
– Apply supply and demand model to determine market equilibrium. (LO 5)
– Discuss the key microeconomic concepts of scarcity, opportunity cost, comparative advantage, and externalities (LO 2)
– Analyse the factors of production and their respective economic returns (LO 4)
Reference Source: 
Textbook and other files will be shared through google drive after agreement.
Best regards,

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