The Impact of Changes in Supply, Demand, and Pricing

Generally we are affected by changes in our environment in many different ways. People reactions to those almost any change will vary. With the increased technology we have become accustom to products which provide us with convince, and often feel they are necessary for us to maintain existence. Sudden changes in supply and demand and pricing could lead us to analyze our need for a particular product or service, and consider using alternative methods. The …

…few instance when they cross and balance each other. The study of economics and supply and demand can help is to understand money supply and make wise business choice that can have a positive effect in trying or inflationary times. References: Colander D.C. (2004). Economics. New York: The McGraw-Hill Companies. Retrieved from University of Phoenix Online Library on July 25, 2005. Gas Prices May Stay At Peak Longer Than Thought, (Retrieved July 25,2005) http://www.msnbc.msn.com