Project Summary: !!Assignment Steps -Prepare an 875-word research paper as part of a marketing research committee for your organization about current microeconomic thought and theory. -Identify the fundamental lessons the Ten Principles of Economics teaches regarding: -How people make decisions -How people interact -How the economy works as a whole -Explain the following to help the committee members -understand how markets work: -How society manages its scarce resources and benefits from economic interdependence. -Why the demand curve slopes downward and the supply curve slopes upward. -Where the point of equilibrium is and what does it determine? -The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices. Format consistent with APA guidelines.