Demand and supply, Marketing Management

Assignment Help:

Explain in words and using a graph why the ban on price gouging may cause a long line for gasoline. Label the axis and all the lines. Be precise.

Price gouging in this context, refers to the rise in price of an essential good during /after a disaster. The cause is the fall in supply. the S curve shifts up to allow price to rise to P1, compared to P* earlier in  normal times.

With a ban on gouging, price will be back to P*. Now at this level, demand > supply. this leads to a shortage, and long lines as the no of people who demand the good > the supply of the good at P*.

700_demand and supply.png


Related Discussions:- Demand and supply

Channel - management decisions, Channel - management decisions: after a co...

Channel - management decisions: after a company has chosen alternative, individual   intermediaries' must be selected trained, motivated, and evaluated. Channel arrangements must

Define multinational corporations, Question a >> Describe multinational co...

Question a >> Describe multinational corporations. How is international marketing different from domestic marketing? Question b >> Though society and culture do not appear to

Explain about the brand equity, Explain about the Brand Equity. Brand...

Explain about the Brand Equity. Brand Equity: Brand equity includes a set of assets correlated to the brand’s name and the symbols which adds to the value given by a prod

Test marketing, what is test marketing and various approcehes that are foll...

what is test marketing and various approcehes that are followed by FMCG companies in test marketing

Marketing mix, what is the difference between perception and positioning in...

what is the difference between perception and positioning in marketing mix

Branding, the importance of branding for marketing company in this case M&C...

the importance of branding for marketing company in this case M&C Saatchi and a non-marketing company in this case Coca Cola.

Marketing and Brand Management, could you heap for the Marketing and Brand ...

could you heap for the Marketing and Brand Management final project module Kindly advise Regards,

What is media planning and strategy, Q. What is media planning and Strategy...

Q. What is media planning and Strategy. How you will evaluate the broadcast, print & support media. Answer: Introduction:- Media plan make a decisions how advertising time an

Mesh router, However, the survivability requirement (C7) may not be met eve...

However, the survivability requirement (C7) may not be met even though all the traffic demands are satisfied. A mesh router that does not meet (C7) has to perform the augmentation

Write Your Message!

Captcha
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