significant trend in supply or demand that directly influences management’s pricing decisions

Management decisions about demand, supply, production, pricing and market structure are all microeconomic options and choices. It is an analysis of consumer behavior (spending), production, and how pricing relates to demand. In microeconomics, there are ongoing trends in both demand and supply that directly influence the price of a product. Select a specific industry and then identify and discuss a significant trend in supply or demand that directly influences management’s pricing decisions.

 

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