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Question:
Answer the following questions IN ESSAY FORMAT about DISH WASHING DETERGENT.
1. What factors influence the demand for this product? What factors influence the supply of this product?
2. How have these changes in supply and demand affected the equilibrium price of this product?
3. Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?
Complete this essay in a Microsoft Word document in APA format.
Verified Expert
This study is intended towards finding out the demand and supply of the dish washing detergent and judging the how the consumer buying choices are influenced. Discussion has been made on the different economic factors such as prices, income status of the consumers, availability of the substitutes, etc. that tend to affect the buying decisions of the purchasers in the market. The study entailed the different dish washing detergents that offer similar use but still focus is laid upon how the consumers' demand for the detergents is influenced by the above mentioned factors thereby affecting the supply of the same."
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