Supply and Demand

Supply and Demand

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  • Why??
  • What is that?
  • Supply and demand.
  • Well, let me explain...
  • I'm sorry ma'am, but the product that you are looking for is sold out
  • That causes the supply of product to lower. Companies will raise the price in hopes that the demand will decrease.
  • Consumers like buying products for less. So now, there will be less demand, and the supply will increase as more product is produced. 
  • it all starts out with supply and demand. If a company has a popular product, the demand will become more intense.
  • Now that the price is normal, the demand for the product will now increase. 
  • Producers will want to supply as much product as consumers will buy. At the fairest price. This usually makes supply and demand stable over some time .
  • Now that the supply of the product is increased, the company can now lower the price to the original price.
  • How come these are almost the same loaves of bread but one is 5$ and one is 4$? 
  • An idea to gain customers is to lower the price. People want to have the lowest price possible when buying a product. 
  • If a company has lots of competition, they will want to do things to get the majority of customers.
  • Let's say the $4 bread is made with low-quality ingredients and made with a machine. But, the $5 bread is made with organic ingredients and is handmade.
  • It's up to you - as a consumer - to decide whether or not you value price or quality when choosing these breads.
  • Those two brands are competing with each other for customers. 
  • Now that I have explained everything, the choice is up to you...
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