BMP4003 Business Environment: Trampoline Prices & Microeconomic Theory

This presentation provides a comprehensive review of a BBC article discussing the surge in trampoline prices due to increased shipping costs and the impact of Brexit. It explains the main arguments of the article using microeconomic concepts such as supply and demand, and elasticity. The presentation applies these theories to the specific issues outlined in the article, illustrating how changes in transportation costs and trade restrictions affect the demand and supply of trampolines. It further elaborates on the factors influencing both supply and demand, including commodity prices, production costs, government policies, and consumer income, ultimately concluding that the rise in trampoline prices is a direct result of these interconnected economic forces. The presentation also touches upon the concept of elasticity of demand and supply and how it affects the prices of goods and services.