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Assignment: Supply and Demand Paper Choose one good with which you have had experiencepurchasing:o New homeo New caro Vacation to a theme parko Washing machineo Computero Collegeo Other Write a 700- to 1050-word paper explaining factors that affectsupply and demand. Include the following:o Explain factors that could cause possible changes in supply anddemand.o Determine at least two substitutes there may be for yourproduct.o Determine at least two complements there may be for yourproduct.o Explain how the necessity of your chosen good impacts priceelasticity Format your paper according to APA guidelines. Post your assignment as an attachment.