Task 1. Reflect ANY FOUR (4) microeconomics concepts of your own choice based on ANY ONE (1) of these topics:

| February 14, 2018

Task 1. Reflect ANY FOUR (4) microeconomics concepts of your own choice based on ANY ONE (1) of these topics: i) The Economic Problem, Nature and Methodii) Demand, Supply, and the Market Environmentiii) Elasticity of Demand and Supplyiv) Government Intervention in the Marketv) Technology, Production and Costs 2. Discuss on how these four concepts affect the behavior/activities of individuals, families, firms, and governments (you can choose only one group or a combination of …

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