Question: Read the following article on Crocs: https://www.pymnts.com/news/retail/2021/crocs-old-demand-problem-has-become-its-new-supply-problem/ https://nypost.com/2022/01/10/crocs-estimates-its-revenue-surged-67-percent-last-year/ https://www.bbc.com/news/business-57935256 https://seekingalpha.com/article/4517923-crocs-100-percent-upside-from-here-would-be-understatement 1. Identify what Crocs are and when they were created 2. Identify 4 different events
Read the following article on Crocs: https://www.pymnts.com/news/retail/2021/crocs-old-demand-problem-has-become-its-new-supply-problem/
https://nypost.com/2022/01/10/crocs-estimates-its-revenue-surged-67-percent-last-year/
https://www.bbc.com/news/business-57935256 https://seekingalpha.com/article/4517923-crocs-100-percent-upside-from-here-would-be-understatement
1. Identify what Crocs are and when they were created 2. Identify 4 different events that shifted demand using a minimum of 3 different determinants (which should be named specifically: an advertising campaign would lead to a change in taste), along with an event that changes quantity demanded- this should be a price change!
3. What is the current demand for Crocs today?
Provide graphs properly labeled showing the correct shifts in demands.
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