Explain the impact on the price of the product

Assignment Help Other Subject
Reference no: EM131315203 , Length: word count:1400

You've been debating on making a purchase for yourself. This is a product you've wanted for a while, but one that requires budgeting because you will be making monthly payments.

Select a product in which the demand for the product is clearly affected by the strength or weakness of the overall economy such as new homes, cars, appliances, smart phones, etc.

WRITE a 1,050- to 1,400-word paper in which you address the

FOLLOWING:

Identify and define two economic indicators that reflect the strength of the economy (e.g. real GDP, unemployment rate, inflation rate, interest rate, housing starts, etc.).

With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years?

What was the impact on the supply of the product and the impact on the demand for the product?

Explain the impact on the price of the product and your decision on whether or not to buy the product.

Include responses to the following:

How might you apply what you learned about supply and demand to your work place or your understanding of the product you are considering purchasing?

How do the concepts of macroeconomics help you understand the factors that affect shifts in supply and demand on the price of the product?

Reference no: EM131315203

Questions Cloud

Analyze the evaluability of the program or policy : Analyze the evaluability of the program or policy under consideration by the researcher. Describe the research methodology employed by the researcher, and identify any ethical issues that might be salient to the study
Bion work suggest as the best role for a leader : According to Wilfred Bion, a group may respond to leadership positively with "work", or negatively with dependency, resistance, fight/flight, detachment and pairing. What does Bion's work suggest as the best role for a leader?
Create conditions in the work place : Explain how Utilitarianism can be used to create conditions in the work place which could disadvantage some people rather than others.
Briefly explains the types of compensation : MAA310 - Accounting and Society - Briefly explains the types of compensation included in remuneration packages of Chief Executive Officers and provides examples from the latest remuneration report for your allocated* Australian publicly listed com..
Explain the impact on the price of the product : With these economic indicators in mind, how has the economy affected the demand for and supply of your selected product over the last 2 years?What was the impact on the supply of the product and the impact on the demand for the product?Explain the ..
What point on the inversion curve has the maximum pressure : What point on the inversion curve has the maximum pressure?
Do you believe the distinction between isr and iaa : Do you believe the distinction between ISR and IAA lies simply with terminology (and therefore there is little or no difference) or that there is a separation between the concepts? Explain and defend your answer fully. You may choose to research t..
For the flow field plot several streamlines : The stream function for an incompressible, two-dimensional flow field is given. - For the case of a source at the origin with a uniform free stream plot the streamline ψ = 0.
Evaluate the current ethical and legal concerns : Compose an executive summary highlighting the paper's contents and reasoning for your chosen topic.Conduct a SWOT analysis by analyzing the strengths, weaknesses, application opportunities, and threats from competitors of the chosen topic.Evaluate ..

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

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