Reference no: EM131326722

Imagine that you have decided to open a small ice cream stand on campus called " Ice-Campusades' . You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills ! Here is the first month's scenario-- you order the same number ( and the same variety) of ice cream each day from the ice cream suppliers, and your ice cream are always marked at $1.50 each . However, you notice that there are days when ice cream remain unsold but other days when are not enough ice cream for the number of costumers. Use your knowledge of the factors that cause shifts in demand, and in a multi-paragraph essay, provide at least three reasons why ice cream sales fluctuate in this manner. ( Apply only the factors you think are applicable to explaining this scenario.) Now assume that a month later, the school allows a competing student the right to sell ice cream on school property. ( The number of students in campus remains largely unchanged.) What do you think will happen to the price of ice cream at your campus? Explain in detail. Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize in a clear logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.