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Essay / Research Paper Abstract
This 10 page paper looks at some examples of price and supply figures and forms graphs to demonstrate to operation of supply and demand. The paper includes 3 graphs and bibliography cites 4 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEalgegg.rtf
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Unformatted sample text from the term paper:
increases and decreases. Each change in the price will have an effect on the willingness of a company to supply a market and on the demand form consumers for the
product. In looking at a case study we can demonstrate this relationship, but in doing so we are also make an assumption that the equations used are constants.
Question 1 In calculating the equation of the willingness of a supplier to provide a market the figure given in thousands are for
every ?1 (100 pence) priced box of eggs the supplier is prepared to supply 40,000 boxes in thousands; this equates to 100 pence for 40,000 thousand boxes. This needs to
be brought down into simple figures and in doing this we can see that 1Pn = 400 Yn. To confirm this is accurate we can consider the price increase to
?1.50 per box where the supplier would wish to increase to 60,000 we can see that this equation remains true. In calculation
the equation to determine demand, the demand for eggs at ?0.80 the demand is for 20,000. This again needs to be equated into simpler figures. For ?1 a box if
the equation remains constant then the demand will increase to 25,000, so in pence we can then reduce this to 100 = 25,000 or 1Pn-1 = 250Xn. A demand
line is very rarely in a straight line as there will be infinite demand if a product is free and there will always be a pint at which people will
just not be prepared to purchase the product. In checking this against the demand of 32,000 when the price is at ?0.65 the
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