SUPPLY AND DEMAND

SUPPLY AND DEMAND

Supply and Demand of YOGEN FRUZ

In this assignment, we will examine the supply and demand of the good or service that YOGEN FRUZ produces.

Write a 2-page essay on the following issues:
1. Consider what the above firm produces. What are some things that would change the demand for your product? Discuss at least two factors.
2. What are some things that would affect changes in supply? Discuss at least two factors.
3. How can quantity demanded be changed?
4. What kind of demand (elastic or inelastic) does the product that your firm produces have? Explain.
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