Question

In: Economics

• 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


Related Solutions

Choose any product or service situation of interest. Research the situation and identify the various entities...
Choose any product or service situation of interest. Research the situation and identify the various entities that might have a vested interest in the situation. Map out a collaborative network, provide a description of each of the participants, and explain why your collaborative network would work best for this situation. As part of your description, explain how each of the members of the network would contribute and benefit from their participation. In what forms would the contributions and benefits come...
Research and identify at least 8 different reasons/arguments to support conducting trade with China. Include any...
Research and identify at least 8 different reasons/arguments to support conducting trade with China. Include any statistical information and/or other evidence to support your arguments.
2) Identify any product or service. How can a marketer calculate the lifetime value of a...
2) Identify any product or service. How can a marketer calculate the lifetime value of a customer relating to the purchase of this product or service? Explain your answer.
Select a market for a product or service, then identify at least one critical determinant of...
Select a market for a product or service, then identify at least one critical determinant of demand or supply in that selected market and forecast a reasonable future change in the determinant. These "determinants" are also called "shifters" in our textbook. Explain the changes in equilibrium price and quantity you expect for that market. A graph is not required, however, it is helpful and illustrative that you fully comprehends this week’s material. For this topic I choose the housing market...
Research and identify at least 5 different reasons/arguments against conducting trade with China. Include any statistical...
Research and identify at least 5 different reasons/arguments against conducting trade with China. Include any statistical information and/or other evidence to support your arguments.
china has the largest gross domestic product of any country in the world. therefore china is...
china has the largest gross domestic product of any country in the world. therefore china is the richest country in the world. explain why this is flawed
In a decision to add or eliminate a product or service, which one of the following...
In a decision to add or eliminate a product or service, which one of the following is an avoidable expense? a.         Insurance on the building b.         Variable overhead c.         Allocated overhead d.         Depreciation
• What is the present level of unemployment in China? Identify and explain any changes in...
• What is the present level of unemployment in China? Identify and explain any changes in the unemployment levels over the past five years. • Plot the unemployment rates for the last five years on a line graph.
Question 1 i. Identify the product and service attributes which form the basis for the selection...
Question 1 i. Identify the product and service attributes which form the basis for the selection of a process type . ii. Give two critiques against the Optimal Quality Effort submission. iii Propose two solutions to the Bullwhip effect in the supply chain. NB: Answers should be brief
Choose a product/service (this product or service can be an existing product or one you make...
Choose a product/service (this product or service can be an existing product or one you make up). Define the product to include value proposition, characteristics, and the nature of the product (consumer versus business product, and what type of product it represents) Identify the product’s position in the product line (if offered with other similar products) and, more broadly, the company’s overall product mix. Address the following: How would this product differ from other products in the product line (if...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT