• Research and identify any one product or service which is in great demand in China....

• Research and identify any one product or service which is in great demand in China. State the reasons why this product is in demand.
• Draw a graph showing the demand curve for that product / service.
• Research and identify any one product or service of which there is large supply. State some reasons why you think supply is plentiful.
• Draw a graph showing the supply curve for that product / service.

Solutions

Expert Solution

In China clothes have a great demand because their style of dressing is much different from others. They show their tradition look and it gets a great demand not only in their country and also other countries. The way of dressing, cloth material is very much attracted from the people's and year by year clothes demand is increasing in China. They gives some different kind of styles that no other country would give, they make some difference in shirts coller and named as "Chinese Collar".

In current situation Mobile phone has the large supply in the world. It has become a daily need for a human being, nowadays works, classess are also conducting through mobiles phones. So it is highly needed for everyone and all are purchasing large number of products so that the supply gets higher. Year by year it gets higher percentage of supply for phones as given below

Rahul Sunny answered 2 years ago

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