Discuss how demand and supply analysis reflects both the motivations of the buyers and sellers for any market.

Discussion Question 1
· Listen: Demand and Supply (Dwight R. Lee) [8:34 minutes]
· Discuss how demand and supply analysis reflects both the motivations of the buyers and sellers for any market. How do these fundamental incentives come into play both when the market reaches equilibrium? What would happen to markets if the government instituted price control policies, such as floor, ceiling, or tax?
· Requirements: 250 words minimum initial post
Lee, D. R. (2013, September 26Published). Demand and Supply. Retrieved from https://fee.org/resources/demand-and-supply/
Discussion Question 2
· Read: Exodus 20:15-17; 21-22; Deuteronomy 19:1-14; 22:1-4; 23:24-25; 27:14-26; Job 24:1-12; 1 Kings 10:1-13; 21:1-29; Romans 13:1-7; John 19:1-16; 1 Peter 2:13-17; Psalm 22
· Using the above biblical passages or other relevant scriptures, discuss what the Bible says about private ownership and trade and how they are different from the understanding of their economic roles? What are the differences between the roles of government in the Bible and the market economy?
· Requirements: 250 words minimum initial post
Textbook:
Gwartney,J.D., Stroup,R.L., Sobel,R.S., & Macpherson,D.A. (2018).Economics: Private and public choice (16th ed.). Boston, MA: Cengage Learning. ISBN-13: 9781305506725
Does not have to be in essay format. Please separate the discussion and references used.

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