Microeconomics Report: Impact of Market Forces on Trampolines

This report delves into microeconomic principles, using the trampoline market as a case study. It examines the impact of demand and supply on pricing, referencing a BBC article on rising trampoline prices in the UK. The report explains core microeconomic concepts such as elasticity of demand and supply, and market structures including monopolies. It analyzes the law of demand and supply, illustrating how changes in price affect consumer behavior and seller behavior. The conclusion emphasizes the influence of macroeconomic factors on the economy, specifically highlighting how rising prices affect the trampoline market, consumer purchasing power, and preferences. The report includes references to academic sources supporting its analysis.

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Table of content
 Introduction
 Rising Trampoline prices
 Concept of microeconomics
 Theories of Microeconomics
 Demand and supply
 Law of Demand
 Law of Supply
 Market Structure
 Monopoly
 Conclusion
 Reference

INTRODUCTION
 The report discuss about the components which are
mainly influence the macroeconomics on business
organization.
 It also explain the concept of macroeconomics in
which they discover the complete economy like
aggregate demand, supply, overall consumption and
many more.

Trampoline Profit issue
In the past article of BBC which are held on trampoline described about the prices that are
lifted speedily in the proportion of 40-50 in the market of UK which are mainly affected by
the revenue, demand and supply of the specific good. It show the cause of increasing the
charges of transport along with the port congestion.

Concept of microeconomics
 Microeconomic typically includes three principles which
are elasticity of deliver, marginal application and demand
and elasticity of demand. It is likewise contain the price
theory, software principle and production.
 In context of the trampoline, the concept of
microeconomic are effected the human beings of United
nation.

Demand and supply
These two are basic fundamental of economics and
the whole economy of any country depend on
Demand and supply.

Law of Demand
 Demand: The willingness and ability of consumer
to purchase a given amount of goods and services at
a given price called demand.
 Law of demand : The call for of goods and
services are depend in their charge because they
inversely proportional to every different manner if
the fee of a selected items and services are growth
then the demand of these items and services get
lower and vice-versa.

Law of Supply
 Supply: The willingness of a sellers to
offer a given quantity of goods and
services for a given price called supply.
 Law of Supply: The rise in price of
goods and services while all other
factors remains constant called law of
supply.

Market Structure
 This time period refers to classification of the
industries in step with their degree and nature of
competition for goods and items.

Monopoly Market
 : In this market there are large variety of customers and
most effective a single seller who've full manage all
around the market and might improve the fee of their
product on every occasion they need and experience
the brilliant income incomes in the Economy.
 In this market the vendor is price maker and the
customers are price taker.

CONCLUSION
 The above report concluded that the macroeconomic concept explain about the
study of economy as a whole.
 In this case study it mainly describe about that prices of trampoline which are
increases in the market of UK due to which it affect the demand and supply of
the economy also and the influence the consumer purchasing power and taste
and preference of the customer.

REFERENCES
 Abrate, G. and Menozzi, A., 2020. User innovation and network effects: the case of
video games. Industrial and Corporate Change, 29(6), pp.1399-1414.
 Balboni, C. and et.al., 2022. Why do people stay poor?. The Quarterly Journal of
Economics, 137(2), pp.785-844.
 Chen, P., 2019. From complexity science to complexity economics. In Alternative
Approaches to Economic Theory (pp. 19-55). Routledge.