Supply and demand

MARKET STRUCTURE Market structure is defined as the organizational and other characteristics of a market. The economist have focused on in describing the market structures are the nature of competition and the mode of pricing in that market as the major characteristics. Market structure also mean that the number of firms in the market that produce identical goods and services. The market structure has a great influence on the behaviour of individuals firms in the market and will affect how firm…

Companies that know the broad demographics about the specific types of consumers will supply, prices like that everyone will be able to consume the product. In order for this form of employment discrimination, company must be able to predict the demand elasticity in different consumers. For example, if an adult took his kids to the cinema he will pay more than his kids will because there is a difference in age, a ticket…

The object of this expansionary fiscal policy by the Canadian government, is to shift the demand curve to intersect with the short run aggregate supply curve and with the long run aggregate demand curve. In this case, since Canada is in the midst of a recession the aggregate demand curve is to the left of the intercept of the long run aggregate demand curve. At present the equilibrium of output (y1) is lower than the full employment of output (yfe) the difference of yfe…

value gain by the unrelated third parties. Positive externality When positive externality happened ,the social benefits is greater than the private value. Under normal condition, the equilibrium of the market will at (Q1,P1) because of Demand= Supply to reach equilibrium market. However, this is socially inefficient because they ignore the social benefits which bring by positive externality and the social cost < Social benefits and the optimal output is greater than the equilibrium…

in the quantity of labor demanded. This means that there was a decrease in the amount of jobs available. There would be an excess amount of workers available causing unemployment. There will be too many workers available and not enough jobs for the supply of workers. This shows a negative impact that raising the minimum wage would cause to the…

not attracted substantial attention within mainstream economic theory itself (Bauer & Zimmermann 1998:95; Lee 1966:48; Passaris 1989-7), in economics, genral equilibrium theory attempts to explain migration by geographical differences in the supply and demand for labour in economic ideology. The resulting differentials in wages cause workers to move from low-wage, labour-surplus regions to high-wage, labour…

other goods the price of oil experiences wide range of price oscillation in terms of shortage or oversupply. Considering to the shift in demand and OPEC and Non OPEC supply as well as the geopolitical events the, oil prices cycle expanded over years. Two Primary Factors determine the price of oil. They are: Supply & Demand and Market Sentiment. Supply and demand indicates the relationship between the quantity of a product that producers desire to sell at various prices and the quantity that…

item is RM5.00 and normal selling price is RM6.00, the company which use marginal pricing strategy will lower the price to RM5.10 if the demand is declined. The 10 cents of incremental profit is better than no sale at all so the company will approach this strategy. The benefit of marginal pricing is that the lower price will enable the increase of customers demand. This strategy can also be used by small businesses to boosts short-term…

If millions of people have volunteered to move to a planet similar to Earth scarcity and property rights would be best addressed in a top down fashion. In a centrally planned economy business leaders, or producers, will be impacted through the lack of artificial need. A centrally planned economy will affect the personal choices, of the consumer, all of their needs and desires will be met. The community is affected by the lack of overproduction and under consumption occurring in the market…

their resources have the rights to produce and trade. There is limited government involvement, which is good because if there was no Gov. there would be no taxes on economic activities or government regulation of economic activities at all. Supply and demand are what make the prices go up. Some advantages are: markets give producers…