Name a good or service you personally purchase whose price has recently changed. Tell if the price increased or decreased and explain what happened to cause that price change. That is, use the...

Name a good or service you personally purchase whose price has recently changed. Tell if the price increased or decreased and explain what happened to cause that price change. That is, use the determinants of supply and demand to tell how supply and/or demand changed to cause the increase or decrease in the price.

Name a good or service you personally purchase on occasion. Explain what will happen to your demand for that good or service if you get a raise at work. Use the course material.

Name a good or service you personally purchase whose price has recently changed. Did it increase or decrease? Do you now spend more or less on that good? Explain, using the concept of the price elasticity of demand, why you are spending more/less.