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Market Price Equilibrium Project
Transcript of Market Price Equilibrium Project
Sprite Change In Demand Supply Change More people are preferring sprite than coke.
Their a future expectations that Sprite will be on sale
Buyers income increase, so buyers will buy more Sprite
Because of price of Coke went up, more buyers are buying Sprite
HEB as a shortage of Sprite Market Price Equilibrium In economics, economic equilibrium is a state of the world where economic forces are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text-book model of perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal. Demand Supply The price of Sprite went up, and the price of coke went down
Their a future expectation of 7up going on sale, but their is no future expectation of Sprite going on sale next week
With new technology Sprite is producing faster
With new government regulation, there's a new taxes on sodas
One of Sprite main production company in New York got destroyed in hurricane Sandy Price Floor Price Ceiling