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Essay / Research Paper Abstract
This 4 page paper answers two of questions on supply and demand. The first considers a news article and explains the movement of airline prices in relationship to supply and demand. The second takes data supplied by the student concerning the demand for canned drinks compared to factors such as weather and income levels, undertaking a regression analysis using the data recommendations for strategy are made based on analytical findings. The bibliography cites 5 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TESDair01.rtf
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Unformatted sample text from the term paper:
these come together may be seen as determined the price of a good or service; in this case airline tickets. Where there is a demand that exceeds supply there will
be an increase in the rice until either there is a decrease in the demand due to the higher price, or the higher rice stimulates an increase in supply to
meet the demand (Nellis and Parker, 2000). This may mean more flights added to the schedule or a new competitor entering the market. It may be a combination of the
two. The new point at which the demand at the supply balances out will be the new price. The converse is also true, where there is a supply that
is greater than demand the price will fall, this will occur either until the lower process stimulates an increase in demand so that there is balance between supply and demand,
alternatives, or as well as the increased demand there may also be a cutting back of the supplies in order to reduce the supply and bring about equilibrium (Nellis and
Parker, 2000). For example, there may be a reduction in the flights, or the aircraft size may be reduced so there are fewer seats. Where there is a stable
supply of seats, as seen with the airline industry where there is modest growth and demand is not sufficient to add a large number of aircraft or lights to the
schedule, then there will be a constrained level of price increase. In the article supplied by the student there are some routes where prices have remained stable and some where
there have been increases in some or all seat categories. Where the prices remain stable this means that both the supply and the demand is remaining stable so the equilibrium
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