How might you apply what you learned about supply and demand to your workplace or your understanding of a real-world product with which you are familiar?
From what I have learned about supply and demand, I may apply this concept in when deciding on what financial institution to bank with. In the event that Wells Fargo’s continue to practice unethical business practices, customers will shift to other financial institution such as Bank Of America which will reduce the demand for Wells Fargo products. While increasing the demand for Bank of America products and services. For Wells Fargo to keep their customers they will have to offer customer free accounts, incentives or rewards to compete with competitors. This will in return increase its
From what I have learned about supply and demand, I may apply this concept in when deciding on what financial institution to bank with. In the event that Wells Fargo’s continue to practice unethical business practices, customers will shift to other financial institution such as Bank Of America which will reduce the demand for Wells Fargo products. While increasing the demand for Bank of America products and services. For Wells Fargo to keep their customers they will have to offer customer free accounts, incentives or rewards to compete with competitors. This will in return increase its