Purchase Solution

Supply and demand

Not what you're looking for?

Ask Custom Question

Consider what your firm produces( tools ). What are some things that would change the demand for your product?
What are some things that would affect changes in supply?
How can quantity demanded be changed?
What if the government raised the minimum wage. How would this policy effect your firm?

Purchase this Solution
Solution Summary

Supply and demand

Solution Preview

As a tool maker (suppose that you make house related tools such as nails and hammers),

What are some things that would change the demand for your product?
-cost of producing tools decreased => so price of tools drops

What are some ...

Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

View More Free Quizzes
Related BrainMass Solutions

  • Supply and demand analyses

    Demand decreases and supply is constant c. supply increases and demand is constant d. demand increases and supply increases e. demand increases and supply is constant f. supply increases and demand is constant g. demand increases and supply decreases

  • Supply and Demand

    Demand increases and supply increases. e. Demand increases and supply is constant. f. Supply increases and demand decreases. g. Demand increases and supply decreases. h. Demand decreases and supply decreases (a) Price up; quantity down.

  • Calculating equilibrium price and quantity

    391610 Supply and demand Given the following demand and supply equations: Demand: Q=100 - 5P Supply: Q=20P 1. What is the equilibrium price? 2. What is the equilibrium quantity? 3.

  • Elasticity in demand and supply

    Similar applies to the oil demand and supply. Elasticity in demand and supply is evaluated.

  • Demand-Supply curve

    Demand-Supply curve (see attached file for diagram) In a demand and supply diagram the x-axis is quantity and the y-axis is price. The two curves are aggregate demand and aggregate supply.

  • Supply and Demand are not in equilibrium

    17181 Supply and demand Dear OTA, Describe what happens to a market when Supply and Demand are not in equilibrium.

  • supply/demand graphs

    Graph the supply and demand curves. Please see attachment. SUPPLY/DEMAND Use supply/demand graphs to analyze shifts in supply and demand and the resulting changes in market equilibrium in the situation below.

  • Use of supply and demand to determine surplus

    does as well because there is greater demand and less supply.

  • Supply and Demand Simulation

    250768 Supply and Demand Simulation In 1050-words The simulation is about applying supply and Demand Concepts and it is about what is best for Rental properties. 1. What causes the changes in supply and demand in the simulation? 2.

  • Demand/Supply of currencies following changes in inflation

    B) a decreased U.S. demand for euros and an increased supply of euros for sale. C) a decreased U.S. demand for euros and a decreased supply of euros for sale. D) an increased U.S. demand for euros and a decreased supply of euros for sale.

View More Related Solutions