6/4 Application of Economic Theory

Navigate to the threaded discussion below and respond to the following:

Consider all of the major themes and concepts presented throughout the course.
Share at least one real-world scenario from your own experience, or one you find in a current business publication, that illustrates any one of the major themes or concepts from the course.
Discuss how the scenario represents the relationship between the macro environment and individual firms/industries through microeconomic factors of demand, production, cost, and profitability.

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Your initial response should be 400 to 600 words in length and include two academic sources that are properly cited. 

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