Complete Short Discussion Questions

SEPEARTE EACH DISCUSSION ANSWER

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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