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Economic Concept and Models: Understanding Demand, Supply, and Elasticity

   

Added on  2023-06-12

15 Pages647 Words430 Views
Economic Concept
and Models

Table of contents
• Introduction
• Trampoline's profit Issues
• Concept of microeconomics
• Law of Demand
• Factors affecting demand
• Elasticity in demand
• Supply
• Law of Supply
• Factors affecting supply
• Change in supply curve
• Conclusion
• References

Introduction
Business environment is basically the sum of all the
factors which are not in the control of the management and
affect the different operations of the business in both positive
and negative manner.

Trampoline's profit Issues
According to the news of BBC, the prices of shipping
is arises day by day due to which the prices of
trampoline at the international level has been
increased and one of the sports organisation fames
this. One of the owner of outdoor toys says that the
prices of the toys are increases because of increase as
well as variations in the cost of transportation and port
congestion.

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