XECO WEEK 2 supply and demand

XECO WEEK 2 supply and demand - 1 Supply and Demand Supply...

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1 Supply and Demand Supply and Demand of Vacationing to a Theme Park Gregory Mann Axia College of University of Phoenix Xeco/ 212
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2 Supply and Demand When a family decides to go on vacation, there are many important issues and factors to consider when choosing a suitable and enjoyable vacation location. When the family makes the decision to go to an amusement or theme park, they will attempt to pick a destination resort that gives them the greatest deal on more than just the admission to the park. The economy has, among with seasonal climate, the threat of natural disasters and overall entertainment value, greatly affected attendance and profits of the amusement and theme park industry. Supply and demand is an economic principle that is greatly influenced by a down economy, such as the current condition of our nation’s economy the past few years. The price of a good or service can fluctuate in a positive or negative manner by the abundance or lack thereof, of being able to purchase that service or good. When demand for a good or service is at a high level and the availability of this good or service is low, the price subsequently tends to rise. In contrast, when demand does not meet the abundance of supply, the cost or price of this good or service will fall. The economy is a factor that influences changes in the supply and demand of a good or service. Many businesses have been forced to close their doors as a result of the state of our economy. Trends, data, research and studies have indicated that spending is at almost all-time lows and still Xeco/ 212
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XECO WEEK 2 supply and demand - 1 Supply and Demand Supply...

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