Estimate expected demand, If we believe that the laws of

Estimate expected demand

Reference no: EM1374352

If we believe that the laws of supply and demand always hold, explainc why is it that the 'popular' gifts for the holidays always sell out early?

Does not the quantity supplied always equal the quantity demanded?

[A] Select an item that is for sale
[B] Explain the market
[C] Does quantity supplied equal quantity demanded most of the time? If not, what could cause the discrepancy? Is it government interference?
[D] Is it that producers were too short-sighted and didn't estimate expected demand accordingly?

Reference no: EM1374352

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