Reference no: EM1368878
I currently work as a Assistant Director of Admissions (college recruiter) for an online university, enrolling students in Associates,Bachelor, and Masters degrees, holding the position of top 5 salespersons in the company.
In your professional, provide an example of supply and demand and how a shift in either caused a significant change in price and/or the quantity demanded. Elaborate. Be sure to correctly use the terms "demand", "quantity demanded", "supply", and "quantity supplied", as defined in the text by Colander.
I also want to answer the next 2 question for another paper, I need about 150 to 200 words per question with one reference each.
Question #1: Give an example of a good or service for which price ceilings exist or have been discussed in the media. What are the arguments for the price ceiling in your example? Using the concepts of supply and demand, identify the likely consequences on the market from the price ceiling.
Question #2: Give an example of a good or service for which price floors exist. What are the arguments for the price floor in your example? How is the price floor maintained (i.e., what prevents the price from falling)? Using the concepts of supply and demand, identify the likely consequences on the market from the price floor.
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