Supply and Demand Analysis Assignment

Interim project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK .............................................................................................................................................1
1) Supply and demand analysis identify which you believe to be the main factors in
determining the price of bottled water in the UK. .....................................................................1
2) The main economic policies that the government can use to reduce the use of 'single use
plastic' in the U.K........................................................................................................................4
CONCLUSION .............................................................................................................................5
REFERENCES ..............................................................................................................................6

INTRODUCTION
Demand and supply can be considered as the most essential term of macroeconomics
which plays a vast role in analysing the market situation. In the field of microeconomics, supply
and demand is an economic model of price determination in a market place. An effective
understanding about market and its terms helps in maximising the potential and minimising the
risk factor for the people (Christopher, 2016). Demand encompasses the quantity of a particular
product or service which is desired by clients and customers. On the other side supply refers how
much a market can offer at market place. The both supply and demand consist as the key activity
of economic. Both the elements has s huge influence on each other and affects the prices of
clients products and services within an economy. The Big Bottle Co is a chosen company for this
particular report , it is established in UK and deals in pure and distilled water. The present report
is based on applying supply and demand analysis in respect to identifying the factors that has a
huge influence on the price of bottled water in UK. In this the major policies that are adopted by
government as to reduce the use of single use plastic in the United kingdom will also be
discussed in appropriate manner.
TASK
1) Supply and demand analysis identify which you believe to be the main factors in determining
the price of bottled water in the UK.
Demand and supply can be described as the key element of economic and plays vast role
in analysing the growth and development of economy. In today's Modern and competitive
business environment growth and profitability is never a guarantee. Technological and scientific
advancement shorten the life cycle of products and services, business model change and new
rivals appear from outside of the firm. Water is considered as the fundamental need of people
which is highly consumed by people as to maintaining their health. The bottled water production
firm has thrived on nationwide trend of increasing health consciousness as clients healthy
hydration habits have buoyed demand for bottled water, at the expense of soft drink (Loucks and
Van Beek, 2017). The factor of demand and supply are lies on each other and significantly works
together as demand of a product increase the supply of product at market place. Water can be
described as the element of fulfilling the core need of people as it is the basic need of an
individual and it is required for people to live in a safe and healthy environment so the major
1