Assignment - Supply and Demand Paper

Assignment - Supply and Demand Paper - The one good in...

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The one good in which I have had experience in purchasing is a laptop computer. I purchased my laptop in November 2009, for school purposes mainly. When I purchased my laptop, I paid a little over $800 dollars. The relationship between the quantities of a commodity that producers have available for purchase by a consumer on line and at retail stores. The quantity that consumers are willing to pay and able to buy a laptop depends on the quantity in the retail store or on the manufactory’s web site. The changes in technology are driven by the same supply and demand factors that shape other markets. It is competition and increasing efficiency on the supply side that has reduced the price of laptops (VCRs, DVD players, and so on) and thus made laptop purchases attractive to more and more students, not the reverse. This is the market at work to make yesterday’s luxuries available to the masses. The factors that could cause possible changes in the supply of a laptop is natural disasters, change in the cost of wages, change is the cost of raw material, technology, or the
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Assignment - Supply and Demand Paper - The one good in...

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