View the step-by-step solution to:

Question

Supply and demand


1 For the past few winters, the weather was extremely unpredictable. In

terms of supply and demand, identify industries that were negatively impacted by this temperature fluctuation. What are the short and long term impacts on revenue, demand for those services or goods that are normally purchased in the winter and supply of those goods and services? What about unemployment rates for the impacted sectors?


2 Identify a company or industry that's gone under (closed) because of a change in consumer tastes and preferences. What product did they sell? What reason was given for the closure?

Top Answer

Industries which are negatively affected by temperature fluctuation are:Energy industries,Agricultural industry. Many... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question