Question

Think of a relevant example in your own life of how a change in the market...

Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.

Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer,

We are going through a tough phase of covid-19 pandemic it create a lot of change in our economy as well as in the society the demand for masks,sanitisers,hand wash etc where increasing day by day. The demand for electronic gadget like smart phone and laptop are also increasing because of work from home and online School classes .The higher demand for these goods increase both the supply and demand. Supply of rawmaterials from China resumed so the market can able to produce the demanded good without any shortage.Market demand and supply of goods are increasing.

News article- https://www.google.com/amp/s/www.livemint.com/companies/news/laptop-sales-surge-in-india-as-employees-work-from-home-during-lockdown/amp-11585902958056.html

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Think of a relevant example in your own life of how a change in the market...
Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain. Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find...
Think of a relevant example in your own life of how a change in the market...
Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.
Think of a relevant example in your own life of how a change in the market...
Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.
Do an internet search for an article about recent market activity that demonstrates how the interaction...
Do an internet search for an article about recent market activity that demonstrates how the interaction of supply and demand have affected the market price and quantity of a good or service. Specifically, and this is what you will be graded on: 1. Linked below is a file titled “How to Analyze Supply and Demand Problems” and contains 11 steps to analyze a supply and demand problem. 2. Walk through the 11 steps in analyzing your article scenario.   3. Also,...
Task In your accounting career you will be required to analyse current accounting issues and communicate...
Task In your accounting career you will be required to analyse current accounting issues and communicate your theoretical understanding to your professional colleagues and your clients. For this assignment assume that you are the senior accountant working for a major firm. Question 1 - 9 marks (1,500 words) The CEO has forwarded to you an interesting article and requires you to provide her with a deeper theoretical understanding of the issues discussed so that she can fully engage in the...
Case Study Big Data Stewart Clegg Radically changing your business due to disruptive innovation requires a...
Case Study Big Data Stewart Clegg Radically changing your business due to disruptive innovation requires a different approach. When dealing with disruptive innovation, the alignment and/or realignment of an organization’s assets might not be enough to sustain competitive advantage. When newcomers use the latest technology to disrupt an entire industry, the incumbents will need to take drastic measures to change their organization. The emergence of strategies driven by Big Data means a transition to a data-driven, information-centric organization consisting of...
Analyze the market segmentation, which is explained in the market segmentation for business design below. Overview-...
Analyze the market segmentation, which is explained in the market segmentation for business design below. Overview- We are going to start a bakery business as I have my interest in bakery. This is going to be start-up business plan. The name of our Bakery would be “Bake It or Make It”. It would be managed by me along with my team of new bakers around the city. Opening a bakery at initial stage would involve a lot of investment and...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...
What are your top 3 take aways from this article? Technology is no longer just for...
What are your top 3 take aways from this article? Technology is no longer just for geeks. The internet has changed everything, including marketing. Be they small, medium or large, social media grants all companies an equal playing field on which to organically reach new customers. However, success will always ride on the marketing strategy employed. Obviously, larger companies have the advantage of bigger budgets and more resources. But that doesn’t mean social media for small business owners can’t compete...
INTELLECTUAL PROPERTY  Industrial property forms part of the broader concept of "intellectual property."  The...
INTELLECTUAL PROPERTY  Industrial property forms part of the broader concept of "intellectual property."  The objects of intellectual property are the creations of the human mind, the human intellect hence the expression "intellectual" property.  In a somewhat simplified way, one can state that intellectual property relates to pieces of information which can be incorporated in tangible objects at the same time in an unlimited number of copies at different locations anywhere in the world.  The property is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT