Supply and Demand Project

Supply and Demand Project

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  • Nike just released a new collection of the Kyrie 4 basketball sneaker collection . The sneakers are popular and many have been buying them. 
  • Since the matching Kyrie t-shirts and laces have been on sale, now is a better time than ever to buy the sneakers, also considering that Jordan sneakers have begun to cost more money.
  • The minimum wage price has increased which allows people to have more money to buy goods. On top of that, Nike is going to put the Kyrie sneakers on sale so the demand will increase.
  • Since the release of the Kyrie 4 sneaker, Jordan has had a decrease in demand of Air Jordans. The Kyrie has become more popular than Jordans, and the economy has gone into recession and people don't have enough money to buy sneakers.
  • The Jordan sneakers have gone out of style since the release of the Kyrie due to the fact that Kyrie's are available in a lot of colors and the Jordans are not as wide in color variety. The prices of the matching shirt and laces for the sneakers have increased, which decrease the demand.
  • The original price of our Jordan sneakers is $200, whereas the Kyrie 4 is $120. This means that more people can afford to buy them.
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