Managerial Economics

Managerial Economics . Session Long Project 2. The data fil e in Cas e O ne contains the product that will be used for this project. Your first task is to research the product from an economics point of view. Con sider trends in supply, demand , and price ove r the past year . • Next, discuss trends in the overall Producer Price Inde x. • Research is Required. Retrieve the last two Producer Price Index Detailed Report s usi ng the link in the assignment . Obtain at leas t four months of data for the product’s INDEX . Create a table in Excel . Create a graph or chart (not a table) using Excel that shows changes in the product’s INDEX over time (at least 4 months of data). 1. Highlight the Table . 2. Click Insert . 3. Select Recommended Charts . 4. Decide on a Chart . Discuss the percentage change over time. • Research is Required. Provide a brief description of each visual. As a conclusion, analyze how producers reacted to price, demand, or supply changes. Explain it using economic terminology. • Research Required .