Posted by Patsy on .
Please, please help me!
Make a graph in Excel and explain the following:
Holding all other things constant, what would happen to the price of pineapples if the firm increase the available supply.
2. Conversely, what would happen if supply is reduce.
Aside from changin the supply of pinapples, what strategies could the company use to stimulate demand.
Conceptually, start by drawing a standard supply and demand graph. Increasing supply means shifting the supply curve outward (to the right). Price should go down.
2) I like to eat pineapples with cottage cheese. If the price of cottage cheeze went down, I would buy more cheese and more pineapples.