2. What factors shift your demand for goods (note: price is not a demand shifter)? Give an example of how a demand determinant shifted your demand for a good.
3. Describe a real-life shortage or surplus of a good you have wanted to purchase or market at your workplace. How is this imbalance reconciled in the marketplace?© BrainMass Inc. brainmass.com October 25, 2018, 4:31 am ad1c9bdddf
1. Give an example of a good you purchase or market at your workplace to show why demand curve slopes downwards and why supply curve slopes upwards?
As per csun.edu, "Demand is the relationship between the price of a good and the quantity of the good that consumers are willing and able to buy
Let us take few examples:
Demand for T- Shirt will be affected in the following manner:
If T-Shirt become more fashionable: The demand for T-shirt will increase as taste and preferences are now in favour of it.
Now let us discuss about the supply curve
As per csu.edu, "Supply is the ...
Demand is also depicted. References are also listed to promote research.
Market Equilibrium Process in Real Life
I need help on these presentations slides. Thank you.
Use a real world experience in free market (not government regulated) to describe a change that occurred in supply or demand as a result of world events that led to the need for a move between equilibrium states.
Explain the process of how that movement occurred using behaviors of consumers and suppliers.
Graph the movement between the two points as well.
Include the following:
The law of demand and the determinants of demand
Law of supply and the determinants of supply
Describe efficient markets theory
Explain the surplus and shortage.
PowerPoint presentation between 7 and 10 slides with speakers notes.
Include proper citation of references.
Please make sure the Rubric measurement below is followed strictly.
Analyzed the relationship between efficient markets theory to market equilibrium (100%)
Business: Economics: Market Equilibrium, High
The paper is organized in a logical and coherent manner. Transitions are used to improve flow. (100%)
Writing Clearly and Fluently, Medium, 4.1.2
The author uses correct grammar and spelling. Format and citations are consistent with APA rules. (33.33%)
Writing Correctly, Medium, 4.1.1
Valid research is used to appropriately support the content. References to sources are used when required. (33.33%)
Learning and Researching, Medium, 5.1
Components of the assignment instructions are followed (number of examples, paper length, etc.)(33.33%)
Following Instructions & Procedures, Medium, 6.3