ECON 101 U of M Demand Supply of Products and their Effects Discussion


Please make sure to address the following questions:

What factors influence the demand for this product? What factors influence the supply of this product?

How have these changes in supply and demand affected the equilibrium price of this product?

  1. Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?