Surpluses, Shortages, and Elasticity
Understanding what leads to shortages and surpluses is helpful in any business. Just as weve seen with our winter jacket company, these concepts are particularly relevant when it comes to products that consumers dont need year-round. Demand and supply shift depending on the time of year. For this assignment, create and upload at least a 10-slide presentation with speaking notes identifying and discussing three products that have seasonal fluctuations in supply and demand. In addition, explain how producers can fill a market need during periods of reduced demand. How can you determine if the price will increase or decrease in the next twelve months? Be specific and thorough in your answer. Your presentation should have a reference slide with at least 1 citation
