Using the rEsourceElectronic Reserve Readings (ERR) for ECO365the Course Web Lin

Using the rEsourceElectronic Reserve Readings (ERR) for ECO365the Course Web Links University Library Internet and/or othersources of literature locate an article concerning trends inconsumption patterns. Prepare a 1050-1400-word paper in whichyou:Define EconomicsDefine MicroeconomicsDefine Law of SupplyDefine Law of DemandIdentify the factors that lead to a change in supply and a changein demandAnalyze the basis for the trends in consumption patterns asdiscussed in the article. In your analysis consider the utilityderived from the products mentioned in the article describe whathas occurred to change the demand for or the supply of the goodor service and market prices of those products or services. Or tosay it differently make sure to utilize the terms you just definedas tools by which you analyze the article.