You are required to pick a product or service you use in your everyday life and describe the market for this product.

You are required to pick a product or service you use in your everyday life and describe the market for this product.

Instructions
For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product.
Do NOT USE OIL/GAS (GASOLINE), SMARTPHONES, COMPUTERS, TECHNOLOGY (including the INTERNET), TOILET PAPER, TOOTHBRUSHES, or HAND SANITIZERS markets.

Your paper should be structured as follows:

Cover page (add the title of the paper, your name, the course name, the instructor’s name, the school’s name, and the date)
Introduction
What Factors Influence the Demand for This Product?
What Factors Influence the Supply of This Product?
How Have Changes in Supply and Demand been Affecting the Equilibrium Price of This Product Recently?
What Changes to the Demand and Supply of this Product are Likely to Happen in the Near Future? Discuss How these Changes Would Affect the Equilibrium Price of the Product.
Conclusion
References

Make sure to break your paper down into sections and title each of the sections of your paper.
Do NOT include an abstract since it is mostly used in serious research papers, publishable papers, dissertations, etc. rather than in short student papers.
Please note that the best practice in academia is to use at least 3 sources in each of your essays. Such sources as Wikipedia, Investopedia, Study.com, etc., should NOT be used in your paper because they are not peer-reviewed and, therefore, might not be accurate or credible enough.
Complete your essay in a Microsoft Word document in APA, 7th Edition format.
Please note that a minimum of 700 words (excluding the cover page and references) for your essay is required.
Your work will automatically be submitted to Turnitin for plagiarism review.

Answer preview to  you are required to pick a product or service you use in your everyday life and describe the market for this product.

You are required to pick a product or service you use in your everyday life and describe the market for this product.

APA

1028 words

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