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THE ANALYSIS OF DEMAND AND SUPPLY FACTORS IN REAL-LIFE SITUATIONS (BOOK REVIEW).


17033. THE ANALYSIS OF DEMAND AND SUPPLY FACTORS IN REAL-LIFE SITUATIONS (BOOK REVIEW). This paper examines six research articles on demand and supply issues in such field as education, agriculture, hospitality and law enforcement. The information in the articles is compared with the theoretical models contained in the text “Economics Today” by R.L. Miller. It is then argued that theoretical models need to be adopted before they can be applied to understanding real-life cases. Keywords: economic theory demand supply applied economics. 17 pages; 5 footnotes; 7 bibliographic sources.   $119
 

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