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    Microeconomics

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    Analyze the basis for the trends in consumption patterns, as discussed in any article.

    Consider the utility derived from the products mentioned in the article.

    Describe what has occurred to change the demand for, or the supply of, the products, and market prices of those products.

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    https://brainmass.com/economics/demand-supply/fundamentals-of-microeconomics-366808

    Solution Preview

    Fundamentals of Microeconomics
    Analyze the basis for the trends in consumption patterns, as discussed in any article.
    The article selected is "Gas Price Spike Forecast" from: http://www.csnews.com/top-story-gas_price_spike_forecast-57805.html
    The article points out that the consumption of oil prices is increasing in the developing countries. The consumption of gasoline is increasing in the emerging countries like China and India where people are buying cars. ...

    Solution Summary

    Microeconomics is discussed in great detail in this solution. The solution helps analyze the basis for the trends of consumption patterns and considers the utility derived from products mentioned in the article. The explanation is given in 296 words with one reference.

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