why do changes occurred in supply, demand, and price?

Answer 1

Why? Popularity of items go up and down due to trends, fads and new inventions, etc. Supply is variable due to the availability of raw materials, businesses starting and closing, etc. Price is variable due to the availability of raw materials, labor costs and price fluxuations in shipping, etc. I mean if your product requires oranges, and the orange crop in the major supply areas fails, then the price of the oranges will rise (fewer oranges to earn the needed funds to continue the business) - or maybe your product uses a metal and there is a new process for creating cheaper metal (or a plant opens up in your area) would allow a manufacturer to decrease the price. If you use a lot of minimum wage workers in your plant you will have to raise your prices when the minimum wage is raised by the government, etc.

Many, many factors.

Peace!

Answer 2

Supply and demand my friend. If there is a higher demand for something, the price can significantly increase.

In the summer, you can buy all of your winter (if you live where it snows) pretty darnn cheap. Like 20 dollars for pants, 60 dollars for a coat, but all of the summer clothes are high priced. Why? Because it is then hot in temperature, people want summer clothes, shorts, tank top, t-shirts. The demand for winter clothes is minor, which means that these products are cheaper.

The same thing works outside of the legal economy system as well. In a east coast and mid west, drugs cost alot, not that I use drugs, I just know friends who smoke weed, and know the game. The marijuana costs more on the east coast because there is a higher demand, it has to come all the way from the west coast. Pounds can cost up to 2000 dollars....whoa damn. But around L.A. and Arizona, pounds on average sell for about 300 dollars. Marujuana enters the US from mexico around texas, arizona, which means that it is easier to supply, but when you have to take it all the way to the east, someone has to pay for the gas, and for this person putting their life in danger.

Answer 3

The more demand, the higher the price of the supply. The less demand, the lower the price of the supply.

Answer 4

Because everything changes over time.....when the temp goes down, demand for coats goes up. As people buy more coats, the demand slowly drops. If the supplier makes too many and has an overstock, they lower the price to try and get people to buy them. If during this time a heat wave hits, chances are the supplier is going to have a bunch of coats that nobody wants.

Answer 5

OK here's a very basic example for you in the real world there are a lot more variables to take into account.

lets take apples for example.
now suppose it was a particularly good year for growing apples.
OK now you have a high supply of apples so apples are cheap. the people who make apple pies can afford to buy more apples. so they make more than normal amounts of pies which they then sell to the customer cheaply. the customer buys more apple pies because they are cheep. In this example they always eat there pie with ice cream so there is then a bigger than normal demand for ice cream which means the people who sell ice cream can charge more for it as there is only a limited supply.

Answer 6

value is continuously on the topic of call for and grant. call for is variable in accordance to the market desires, at the same time as grant is variable depending on the grant of raw cloth and production approaches. at the same time as call for rises, and there is a lack of grant; value is going up. And the opposite takes position at the same time as grant is a lot more beneficial than call for. An social gathering of it is the espresso, international-huge prices are with reference to the harvest quantity in international places the position espresso grains strengthen. for this reason in certain circumstances you hear that Brazil as an example distruct a lot of espresso grain (burn them or throw contained in the sea) . also Oil value is with reference to the grant of the product for this reason you hear that OPEC is of the same opinion in certain circumstances to characteristic up the stocks of its participants for each day extraction. This formula applies for all products and facilities. For extra practise in this question , you may contact us once you visit our homepage.

Answer 7

Too much, too little, noone cares, everyone cares.