Trampoline Profit Issues: An Economic Analysis of Demand and Supply

This report examines the economic factors influencing the profitability of a trampoline business, focusing on microeconomic principles such as demand and supply. It discusses the law of demand, factors affecting demand (including product cost, consumer wages, and related product costs), and elasticity in demand. The report also explores supply-side economics, including the law of supply, factors affecting supply (such as government grants and technology), and shifts in the supply curve. The analysis concludes that increasing the price of trampolines will impact overall supply and profitability. References to relevant academic sources are included to support the analysis. Desklib offers a variety of study tools and solved assignments to help students further explore these concepts.

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
It is term to the global term of overall sections that are
external to the organizational business and also have an
impact on the global functions of the business. As it
involves several competitors, government, customers
and as well as suppliers.

Trampoline's profit Issues
 As per to the BBC news, the delivery price is
soaring through which the whole cost of
trampoline is maximising or it is becoming famous
by having the sports wholesaler.
 It is related to an effective time which relates to the
cost of the goods.

Concept of Micro economics
Demands is the requirement of a person to buy the
products and facilities that are manages with enough
buying power to purchase the certain commodities and
another factors that holds consistent.

Law of demand
Law of Demand, it relates to reverse dealings in the price
and quantities of the goods or services. These are the
particular section who have similar divisions in the field of
the market they also have certain conditions of the methods.

Factors affecting demand
 Cost of the product
 Wages of the users
 Cost of related products
 Taste and preferences of the users

Elasticity in Demand
It relates with the changes in demand curve which
refers to the change in the overall demand curve which
might be on right and as well as left side and it will
varies in certain components such as variations in
wage, price of goods and choices of the buyers.

Supply
Supply refers to the fundamental factors that measures
the global availability amount for the particular set of
products to their buyers. It is also relates with the amount
of the cost by that they can make sure higher term of
profitability in the area of marketplace.

Law of supply
Law of supply – It measure that, it is an effective dealing
among the current price and quantities of supply of the
products. Each components will relates to be continuous,
when the price will increase their particular merchandises
then quantities of supply of current goods will increase as the
creator will deal with high products.

Factors affecting supply
 Government Grants
 Technology
 Price of manufacture

Change in Supply Curve
It relates to shift in supply curve with changes in various
sections that include price of creation, administration
grants, techniques and aim of management. When supply
of Trampoline will increase then supply curve will shift
from S0 to S2.