What are things that might shift supply of that product

Assignment Help Microeconomics
Reference no: EM133466281

Discussion Post: Pick a product that you consume on a regular basis. Using the Supply and Demand Model analyze the change in price and quantity that can occur. What are somethings that might shift demand for that product? What are things that might shift supply of that product? How has recent events influenced the supply and demand of that product you have chosen?

Reference no: EM133466281

Questions Cloud

Compare primary available economic resources : Compare primary available economic resources that health insurance payers may use to monitor, assess, and regulate health care providers' behavior.
Four options for dealing with life space violations : Four options for dealing with life space violations: passive, aggressive, passive-aggressive, and assertive.
What is meant by the demographic transition : What are the differences in the demographic transition between the current developed economies and developing countries?
Five organisational requirements : List five organisational requirements that may apply to preparing reports. (ps. question from diploma of community service).
What are things that might shift supply of that product : What are things that might shift supply of that product? How has recent events influenced the supply and demand of that product you have chosen?
What price will black garage has offer to attract customer : A garage with a black mechanic competes against a garage with a white mechanic. Suppose the "white" garage charges $20 for an oil change.
What might the income elasticity of demand for that product : What might be the income elasticity of demand for that product? How price sensitive you think people are when it comes to this product or service.
What would you do if they asked for more pain medication : high pain tolerance due to chronic pain and does not look like they are in pain. What would you do if they asked for more pain medication
Management accounting is only tool : To what extent does the phrase "Management accounting is only a tool" restrict the ultimate purpose and character of management?

Reviews

Write a Review

Microeconomics Questions & Answers

  What techniques can firms use to prevent price wars

Where formal cartels are illegal, what techniques can firms use to attempt to prevent "price wars" from breaking out and to maintain a price level.

  Discuss how a country''s price inflation is related

Discuss how a country's price inflation is related to its exchange rate.

  What is the optimal output level for kendall square

What is the optimal output level for Kendall Square, Inc in the short run?, What are its profits in the short run?, and what is the long-run cost function?

  How is day factored into amazons mission statement

How is the day 1 and Day 2 factored into Amazon's mission statement connected to helping with their success? Explain how they became vertically integrated.

  Question 1income statement for sizzling foods inc is shown

question 1income statement for sizzling foods inc. is shown belownbspnbspnbsp2011nbsprevenuesrevenue from sales of

  Why the most local production is sold to local consumers

Suppose that most of the city's consumption of a good is supplied by production within the city, and that most local production is sold to local consumers. We can conclude that this city is a geographic antitrust market for the good in question.

  Describe concept of diminishing marginal utility since all

explain the concept of diminishing marginal utility. since all goods are scarce does diminishing marginal utility

  Briefly summarize how it embraces innovation

Briefly summarize how it embraces innovation as a competitive advantage - Amazon has managed to shorten the time taken for deliveries . It has also removed

  Explore supply and demand conditions for your firms product

ECO 201 - Analyze information and data related to the demand and supply for your firm's product(s) to support your recommendation for the firm's actions

  Independence burgers serves fast food

Independence Burgers serves fast food at its 300 franchised across the South.

  The fall of the house of usher

Discuss how the conflict of rational thought/"reason" versus the supernatural as expressed in Poe's "Sonnet--To Science" is reflected in the Gothic world of "Th

  What is the initial contribution margin for valuex

What is the initial contribution margin for ValueX - what is the break-even change in sales of the blenders that must be achieved for the drop in price of the blenders to improve ValueX's profit?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd