seen from United Kingdom
seen from China
seen from United States
seen from Saudi Arabia
seen from Congo - Brazzaville
seen from China
seen from United States
seen from Spain
seen from China
seen from Malaysia
seen from Russia
seen from China
seen from Russia
seen from Germany
seen from United States
seen from Malaysia
seen from United States
seen from United Kingdom
seen from United States
seen from United Kingdom
SHIFT IN SUPPLY AND DEMAND Assignment help
New Post has been published on https://freelancer.essaywriting.us/shift-supply-demand/
SHIFT IN SUPPLY AND DEMAND Assignment help
SHIFT IN SUPPLY AND DEMAND Choose a commodity (a good or a service) that you are familiar with and discuss how and when demand and supply have changed (shifted) for this commodity. Provide examples of historical or current events where market demand and market supply for...
Read more ....https://is.gd/mMT5Bv
Anya is live and ready to show you everything. Watch her strip, dance, and perform exclusive shows just for you. Interact in real-time and make your fantasies come true.
Free to watch • No registration required • HD streaming
Demand of Corn Snacks
Szu Wei Su (Sabrina) (ID 72247639)
One day I went shopping with my sister and we went to the snack aisle because we are craving corn snacks. We saw that the green packaging corn snack was on sale and the pink packaging one was not. Thus, we decided to buy the green packaging one. Since the two are both corn snacks, they are substitutes of each other. Customers can shift easily from pink one to the green one because the products are similar. If pink one has a higher price, then customers will purchase its substitute (in this case it is the green one). The demand curves of pink and green corn snacks are also displayed on the graphs below.
The graph above shows that since the green packaging (the substitute) is on sale, the demand of the pink packaging corn snack will shift to the left (D2). This influences the equilibrium quantity and price. The equilibrium price and quantity both decreases (P2,Q2) because there are less customers willing to buy pink packaging corn snacks. Thus, customers are less willing to pay the same amount and same quantity previously (P1,Q1)and resulting for the decrease on quantity of pink corn snack purchased.
The graph above shows that since the firm lower the price of the product, the demand of the green corn snack shifts to the right(D2). This shift on the demand curve also affects the equilibrium quantity and price of green packaging corn snack. Both equilibrium quantity and price increases (P2,Q2) because the promotion on green corn snacks makes people more willing to purchase green corn snack instead of the pink corn snack. This increase in demand leads to more quantity are demanded by the customers.
