Research Assignment 6: Theoretical Model

In one page or less please state the economic theory you are applying to your topic and explain why that theory is appropriate.  What variables from your research play what roles in the economic theory?  For example if you are applying the theory of demand, what variables play the role of price, income, etc.  What testable hypothesis can be derived from the theory?

On a second sheet of paper, you should present a graph to illustrate the model. (This can be done using the drawing tools in Microsoft Word.) Do not forget to use appropriate labels for your graph.

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