Thursday
December 18, 2014

Homework Help: economics

Posted by Jennifer on Sunday, December 17, 2006 at 9:42pm.

how change in "Consumer Taste" and "Change in Expectation" effect upon Supply and Demand in Economic?

In a plenitude of ways. Fashion and other fads come and go, increasing the demand for "hot" products, decreasing for "cold." Producers, in an attempt to make production decisions, try to predict what the future holds with respect to expected demands and expected input costs. If you think about it, Im sure you could come up with examples of how consumer tastes and producer expectations affect supply and demand.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - In the Monetary policy transmission mechanism, explain what could go...
Economics - In a perfect competitive market, industry demand is P = 850 2Q, ...
Managerial Economics - In a perfect competitive market, industry demand is P = ...
Economics - what are a few factors necessary for economic growth related to ...
Economics - Beachfront resorts have inelastic supply, and automobiles have an ...
economics - Beach front resorts have an inelastic supply and automobiles have an...
econ - my mind is going blank here..can someone chime in and help: If a new ...
Economics - Concern about international crisis has caused consumers to save ...
ECONOMICS - Need examples of topics dealing with 2 Economic Concepts.... Meaning...
economics - in the simple economics of a competitive market price increase under...

Search
Members