Explain the difference between a change in quantity demanded and a change in demand. What causes movement along the demand curve, and what causes the entire curve to shift? Provide examples of factors that shift the demand curve.

Next, distinguish between a change in quantity supplied and a change in supply. What causes movement along the supply curve versus a shift of the entire supply curve? What are some factors that can cause the supply curve to shift?

Discuss why supply and demand analysis, while useful, provides an incomplete picture of real-world markets. What complexities or variables might it fail to capture?

Finally, reflect on what you find most interesting about advanced economic concepts such as regression analysis, utility curves, budget constraints, or behavioral economics. How do these concepts enhance our understanding of consumer and market behavior?