week-1 discussions.docx - From the scenario for Katrinas...

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From the scenario for Katrina’s Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina’s Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve). Propose two (2) methods in which organizations that provide the good may utilize this information. Katrina's candies is a family-owned business that been on the market for many years. Even though the company has been focusing on the local market, they are seriously entertaining the idea of taking their products into the international market by making their sugar-free chocolate candies their primary star. The key factors affecting the demand for and the supply of the good in Katrina's candies and for the other companies are as follows: 1- Price: Price is a major factor that affects the demand. If the price is too high, the consumer will not buy the product. 2- Income: Are the products being sold to the consumer with the right income? 3- Price of related good: Are the products in line
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