Recognize how changes in supply and demand affect market outcomes and explain the effect of government regulation on prices?
Use your own words and be sure to support your statements with logic and arguments.
the price, quantity, other factors that effect the demand and supply when the price is fixed.
We have upwards sloping supply curve then we have our downwords sloping demand curve and were they intersect that gives our equilibrium price and our equilibrium quantity. Lets take an example of old iPhone price drope.were supply goes up is at any given price people are willing to supply more quantity so here we would have our supply curve shift to right curve.Price goes down and our quantity goes up.and this impact hugly in market. any regulations can involve price controls can distroy demand and supply indusytry.like Sarbanes - oxley ACT is the successful amendate and it point out corporate fraud and it caught some fraud company like Enron.Goverment regulation can watch both business and public and regulect both the side.
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