Question

How would the following events affect the demand for:

A. ...for spinach sold in the supermarkets when e-coli contamination of some spinach has been reported in the news.

B. ...for Apples’s iPhones when Samsung Galexied are gaining in popularity among consumers.

C. ...school supplies during the back-to-school shopping season.

D. ...Christmas ornaments in January.

E. ...brand name grocery items (Versus generic store brands) during the economic downturn and period of high unemployment.

F. ...gasoline during summer travel season.

Answer 1

A) Demand will decrease as Consumers will want to avoid e-coli contamination from spinach Consumption.

B) Demand will decrease as people will want to buy more Samsung Galaxy phones and less iPhones.

C) Demand will increase as during back to school season, students will look for school supplies that they need once they're back in school.

D) demand will decrease because January is not Christmas month.

E) demand for brand name grocery items will decrease as during the eeconomic downturns, people have less money to spend on expensive grocery items. Demand for local store brand grocery items will increase as these can be bought at a lower price.

F) Demand will increase as more people will opt for driving during summer travel season.