Writing Assignment: Question: If Apple Products are the Most Expensive, why do people still Purchase them? Instructions 1.An explanation of the economic argument behind your explanation 2.The correct application of at least three concepts such as scarcity, costs and benefits, supply and demand, choice, efficiency or opportunity costs 3.Please draw at least two market equilibrium graphs to support your argument. -Your ability to apply and communicate economic concepts and logic is most important -Although a relevant fact or two might help convince yourself and others that you are on the right track. -Your reasoning must be grounded in economic concepts. Mini-Example For example, citing government regulation alone is not a sufficient answer. Regulation may play a role in answering "why are almost all cab in Manhattan yellow sedans...", but only citing regulation would be a bad answer. Instead, you want to describe the economics of why having a recognizable cab would be beneficial