Describe the relationship in the graph between supply & demand prices and state the equilibrium. Discuss the importance of equilibrium. (Research required)

Research OUTDOOR GRILL from an economic standpoint. Describe what has occurred with the product over the last year and future projections for the product. Select information pertinent to economics.

Describe two scenarios in which this product's demand and supply change. How do each affect buyers and sellers? Discuss implications of shortage and surplus given the current state of the product market and future forecasts.

Answer rating: 100% (QA)

The relationship between supply and demand prices is crucial in determining market equilibrium When ... View the full answer