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

Marketing position-distribution and price strategy, Marketing Template Assi...

Marketing Template Assignment Position strategy The main aim of our marketing group is to design a lunch box menu for Starbucks. Currently, the competitors of Starbucks ha

Channel levels, Channel levels: The producer and the final customer ar...

Channel levels: The producer and the final customer are part of every channel. We will use the number of intermediary levels to designate the length of a channel. 1. Chann

Consumer buying behevior , how to made the question for consumer buying be...

how to made the question for consumer buying behevior project

Explain in detail about the marketing communications, Explain in detail abo...

Explain in detail about the Marketing communications Marketing communications provides the means by which organisations and brands are presented to their audiences. Goal is to

Brand awareness and brand extension, Brand A wareness This is ...

Brand A wareness This is a common of customer knowledge that a particular brand exists. Brand Extension This is a marketing planning that takes the brand n

Position errors, what are the marketion position errors in sri lanka

what are the marketion position errors in sri lanka

How is web marketing worked on internet, How is Web Marketing worked on int...

How is Web Marketing worked on internet? To do the business upon the internet organizations makes an effective website, place the advertisement (ads) and promote that online, m

Cisco case tsudy, How is building a brand in a business-to-business context...

How is building a brand in a business-to-business context different from doing so in the consumer market?

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