Complete Short Discussion Questions


1. Discuss the difference between “product life cycle” and “project life cycle.”

2. “As more people buy cell phones, the demand for cell-phone service increases and the price of cell service falls, which decreases the supply of cell service.” Is this statement true or false ? Explain and support your answer. As a part of your response, also discuss how a change in quantity supplied is different from a change in supply, and also how a change in quantity demanded is different from a change in demand. What creates the difference in each instance

3. Discuss a common saying that could be considered a myth.

Respond to the discussion with a five-seven sentence paragraph.

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