User Account

All Pages

What factors influence the demand for the product

Assignment Help Microeconomics
Reference no: EM131165157

You are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

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. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.

Reference no: EM131165157

Questions Cloud

Explain what is meant by contribution analysis : Identify all the costs in the decision process, including explicit costs, implicit costs and sunk costs. Explain what is meant by "contribution analysis". Carefully define the term and provide examples to illustrate it.
Differences in technology : According to the Heckscher-Ohlin theorem, trade arises are due to
Would there be more or less shrinkage why : Would the shrinkage limit of a clay be different if the water in the voids were replaced by some other liquid with smaller surface tension? Why?
Most important economic-political-social issues : What should we consider in microeconomics in today's three most important economic-political-social issues? Give solutions to 5 issues you think are important affecting our economy.
What factors influence the demand for the product : What factors influence the demand for this product? What factors influence the supply of this product? How have these changes in supply and demand affected the equilibrium price of this product?
Calculate the ere compressive stress on a soil pat : Calculate the ere compressive stress on a soil pat at the shrinkage limit where the avenge diameter of the surface poem is 0.001 mm.
Critically analyze ron challenging behaviors : Critically analyze Ron's challenging behaviors to determine contributing factors (as presented in Level A Case 1). Construct two specific strategies for addressing Ron's challenging behavior, describe the implementation plan and desired outcomes
Change in the price of one good relative to another : In a case where there is no change in the price of one good relative to another, what happens to the budget line?
Why is it important that prices are flexible in our economy : Why is it important that prices are flexible in our economy? Do you think the government should control the level of prices for products that are really important, ie. gasoline?

Reviews

Write a Review

Microeconomics Questions & Answers

  Question about money supply and interest rates

Determine what happens to the money supply, interest rates, and economy in general if Federal Reserve is a net seller of government bonds?

  What is the total future worth of these savings

Southwestern Moving and Storage wants to have enough money to purchase a new tractor-trailer in 5 years at a cost of $290,000. If the company sets aside $100,000 in year 2 and $75,000 in year 3, how much will the company have to set aside in year ..

  What price will the profit maximizing monopolist charge?

What price will the profit maximizing monopolist charge?

  Would expect demand for entry into yellowstone national park

The entrance fee into Yellowstone National Park in northwestern Wyoming is "$25 for a private, noncommercial vehicle; $20 for each snowmobile or motorcycle; or $12 for each visitor 16 and older entering by foot, bike, ski, etc." The fee provides t..

  Under what condition will this market not unravel

Consider the market for used cars. Each car on the market has a quality, denoted q, which can take any number between 0 and 10, with equal probability. In other words, q follows a uniform distribution on the interval [0,10].

  If pizzos firms marginal cost curve is 296qb where qb is

james pizzo is president of a firm that is the industry price leader that is it sets the price and the other firms sell

  What does the mean about ability to identify market power

Verify that regardless of the value of Y , Qm = QC . What does this mean about the ability to identify market power if marginal costs are unobservable? Why?

  General price index in 1999 was 100 and in 2001 it was 150

suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and

  Online store-sells home and garden products

Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..

  Compute the elasticity for each of the variables

Compute the elasticity for each of the variables. On this basis discuss the relative impact that each variable has on the demand. What implications do the results have for the firm's marketing and pricing policies?

  Describe the type of hospitality industry

Describe the type of hospitality industry and its main categories of employees and summarize three primary reasons that turnover is so high in this industry.

  If substanially more foreign money

If substanially more foreign money is invested in Mexico than Mexican citizens have invested abroad in other countries, then one will likely expect:

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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