Impact of Price on Demand and Profit

The assignment reports on the analysis of price's effect on demand and profit in various scenarios, including the Australian market. It examines how increasing prices impact electricity demand, magazine readership, and supply and demand, using data from research studies and articles.

If a business drops its price
will it always increase demand
- and will it make more
profit?

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
ANNOTATED BIBLIOGRAPHY..................................................................................................1
FINDINGS......................................................................................................................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
In the present report, we are going to discuss about price impact on the demand and how
it affects the quantity. In recent time, it will develop for the customers due to lower value of
products reduce large part of audience (Whitman and Mattord, 2016). In this context, present
report is based on the different articles and review on it for developing effective results.
ANNOTATED BIBLIOGRAPHY
Supply and demand: Apply market forces to peer review
In order to increasing economic growth, it can be stated that capacity of the economy is
enhancing continuously to produce goods and services. In this aspect, demand of the product,
impacts on economic growth which has been develops and increasing in selected nations of
European union. It is based on the GDP and components for neoclassical production functions
(Kelly and Kelly, 2017). Market economy in term of monetary value of services can be
determined through laws of supply and demand. It requires high skilled services for peer
reviewing. Supply is the sufficient factor which keep zero monetary value. It also includes
constant level of demand and supply which also reduced and increasing price at high aspect.
Therefore, increased price includes professional reviewers instead of making harder work in the
nation (Hebenstreit and Ott, 2014).
From the above article, it can be stated that goods and services demand will be develop in
systematic way through analysis demand of products and price charges on it. It also helps to
make high GDP in monetary term to create services value as well. It also requires highly skilled
people who can increase supply of particular product in country.
More Australians are reading print magazines
In the housing market, it is very hard to get effective results to increase demand of
products. AnyFlip online magazine is software that assists to increase demand of products in
Australia through implementing advance technology. As coming of the new year, digital things
are continuously maximised for implementing advance technology (Tiwana, Bass and Farrell,
2015). The best performance of the print magazine can be categories in food and entertainment
that combine several types of products such as business, financial & Airline, general interest, etc.
In 9 nations, there are top 20 magazines increase relationship with different titles such as Cole
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magazines., fresh, Better homes and gardens, etc. Magazines now rich almost towards the 12.5
million Australians and 14+ in print media form in term of publishing. With the help of research,
it has been found that print remains the dominant channel which increasing through interact 27
titles across the 70% audience (More Australians are reading print magazines, 2017).
Electricity demand falls a little as supply plunges
Electricity demand has been fall down around the 1% in national wide from past 6
months. Supply plunged in the one quarter within the same time to conduct the market research.
Investment bank Morgan Stanley forecasted about the rising price for goods to see perception of
customers and maintain profit which increases forward contract for wholesale electricity in the
world (Whitman and Mattord, 2016). It is risen to the highest level when drought comes in 2008.
Origin customers in Victoria, first state need to have residential price which increase in the
present year. Australian reported that AGL and energy had increased prices in Victoria by 132
and 135 averages. Into the account, it has been analysed that demand still fall around the 2.5%
because growth of the rooftop solar and increased energy has been sufficient. Spokeswoman of
the enterprise has been said that increasing of the wholesale price also renewable energy
certificates (Kelly and Kelly, 2017).
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Illustration 1: Economic performance
(Source: Economist, 2017)

FINDINGS
From the above analysis, following findings has been determined within the Australia:
 With the help of conducting market research which helps to enhance demand and make
effective products and services.
 Tariff increasing also applied towards consumers so that it will not enhance another price
review.
 Understand the undesirable effects in electricity appliances to identify average
experience.
 Monetary value need to be determined with law of supply and demand (Blaug, 2014).
CONCLUSION
In the present report, three resources have been taken which support to identify demand
and assess issues exits in it. It will develop understanding and usefulness of demand that helps in
measuring more profits at workplace. In the Australian market, magazine and news article has
been analysis in systematic way. Furthermore, it summarized about findings from the different
article to assess marketing criteria for business development.
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REFERENCES
Books and Journals
Blaug, M., 2014. Economics of education: A selected annotated bibliography. Elsevier.
Kelly, D. H. and Kelly, G. P., 2017. Women's education in the third world: An annotated
bibliography. Routledge.
Tiwana, N., Bass, G. and Farrell, G., 2015. Police performance measurement: an annotated
bibliography. Crime science. 4(1). p.1.
Whitman, M. E. and Mattord, H. J., 2016. Threats to Information Protection-Industry and
Academic Perspectives: An annotated bibliography. Journal of Cybersecurity Education,
Research and Practice. 2016(2). p.4.
Online
Economist, 2017. [Online] Available through:
<https://cdn.static-economist.com/sites/default/files/images/print-edition/
20160326_FBC781_1.png>. [Accessed on 8th September 2017].
Hebenstreit, D. and Ott, S., 2014. Supply and demand: Apply market forces to peer review.
[Online] Available through:
<http://www.nature.com/nature/journal/v506/n7488/full/506295b.html?
foxtrotcallback=true>. [Accessed on 8th September 2017].
More Australians are reading print magazines, 2017. [Online] Available through:
<http://www.roymorgan.com/findings/6917-australian-magazine-print-readership-and-
cross-platform-audiences-june-2016-201608041441>.
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