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1. Thoroughly suggest how an economist would approach the problem of alcohol abuse. Provide two (2) possible solutions to this problem. Include the four (4) elements of the economic way of thinking in your analysis.
2. Thoroughly analyzed how prescription drugs affect the demand and supply of other products and services in this country.
3. Thoroughly formulated a reason why the elasticity of demand is an important consideration when analyzing the impact of a shift in supply and why the elasticity of supply is an important consideration when analyzing the impact of a shift in demand. Include at least one (1) example in each scenario.
4. Thoroughly provided two (2) examples of increasing-cost industries in your state and propose why they would have a positively sloped supply curve.
5. Thoroughly suggested how, under certain conditions, a perfectly competitive market is economically efficient.
6. Use at least three (3) quality resources in this assignment.
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