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    Supply Demand: Christ The King College Bsba 1

    Uploaded by

    Renaline Trinidad
    The document discusses supply and demand in the fish market. It asks questions about how price affects demand for fish and how supply of fish or competing meats like meat can impact demand. The reflection notes that supply and demand determine market prices and quantities, with demand increasing for lower prices and supply increasing driving prices down. It explains the inverse relationship between price and demand, noting that changes in supply or demand impact the other.

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    Supply Demand: Christ The King College Bsba 1

    Uploaded by

    Renaline Trinidad
    16 views3 pages
    The document discusses supply and demand in the fish market. It asks questions about how price affects demand for fish and how supply of fish or competing meats like meat can impact demand. The reflection notes that supply and demand determine market prices and quantities, with demand increasing for lower prices and supply increasing driving prices down. It explains the inverse relationship between price and demand, noting that changes in supply or demand impact the other.

    Original Description:

    ryan

    Original Title

    Economics

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    The document discusses supply and demand in the fish market. It asks questions about how price affects demand for fish and how supply of fish or competing meats like meat can impact demand. The reflection notes that supply and demand determine market prices and quantities, with demand increasing for lower prices and supply increasing driving prices down. It explains the inverse relationship between price and demand, noting that changes in supply or demand impact the other.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    16 views3 pages

    Supply Demand: Christ The King College Bsba 1

    Uploaded by

    Renaline Trinidad
    The document discusses supply and demand in the fish market. It asks questions about how price affects demand for fish and how supply of fish or competing meats like meat can impact demand. The reflection notes that supply and demand determine market prices and quantities, with demand increasing for lower prices and supply increasing driving prices down. It explains the inverse relationship between price and demand, noting that changes in supply or demand impact the other.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    economic

    s
    supply demand

    Submitted to:
    Fabillar, Pi
    Christ the King College
    Submitted by: 1
    BSBA
    Ramos, Ryan James
    Silao, Mark Arvin
    1 SUPPLY AND DEMAND

    1. If the price of fish decreases, what happens in the market for fish?

    - Since the price of fish decreases, the sales will increase.


    2. When does the demand for fish is high?
    - There is a high demand for fish during Fiestas and holidays, like city fiestas,
    Christmas and New year.
    3. If the price of meat decreases, will the demand for fish affected?
    - Yes! It can affect the demand for fish because the customers will buy meat
    instead, because it is cheaper.
    4. What happened if the supply of fish is high?
    - If the supply of fish is high, its demand to the costumers will decrease.
    5. How many fish you sold per day?
    - If there are lots of customers buying, we can sell 2 boxes of Styrofoam per
    day.
    6. Where did get your supply?
    - We have 2 suppliers, first is from the Calbayog City fish port and the other
    one is from Burabod.
    7. What do you do if your supplier is out of fish?
    - Since I have 2 suppliers, I did not experience shortage in fish.
    8. Does your supplier give you a discount?
    - Yes! Since they’re our suppliers for a long time.
    9. Does your supplier exclusively supply you?
    - No! But I am the priority of our supplier.
    10. Does your supplier have the best fish in the market?
    - Yes! Because from the time they caught the fish, it will be directly delivered to
    us.
    2 SUPPLY AND DEMAND

    Name: Ryan James Ramos Course: BSBA

    REFLECTION:

    In reflection of this project about the demand and supply, demand refers to a
    consumer's desire to purchase goods and services and willingness to pay a price for
    a specific good or service. And Supply pertains to how much the producers of a
    product or service are willing to produce and can provide to the market with limited
    amount of resources available. I’ve learned that these two have a direct impact to each
    other. The relation of these two is the backbone of the market. The principle of supply
    and demand explain how the market determines the price and quantity of goods to be
    sold. If there’s an abundant of supply of a certain product in the market, its demand
    will increase because the price of the product drops due to over number of supplies.
    Consumers will buy the product that cost a little than those at with the higher price.
    And also, the pricing also affects the demand, if there is a high pricing of a certain
    product in the market, its demand is low because less people will buy that product.
    The higher the price, the lower the demand and the lower the price, the higher the
    demand. whatever changes in one thing, it would affect other aspects as well.

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