Economics Essay

Surfboarding many an(prenominal) things can impact what happens in the economy, the two study things that impact them ar the price and quantity ( driveed and supplied). In this case, of impressive Waves Increase Surfboard Sales the economy entrust get it on an cast up in return and essential. Since, there are dread(a) waves more people will indispensability to go surfriding which will create an increase in gross revenue, but since those fearful waves superpower non stay long surfboard sales may go down once the waves go down. Determinants of demand and supply will vary among the situation of the individual; these are things that limit what people will buy for a certain(p) price. The determinants that are going to affect this situation are income and the get along of suppliers, income can affect it because it isnt a necessity to funding and many people will spend money on necessities rather than wants, and the number of suppliers will have an impact because not everyone will want the same kind of surfboard. These are the make impacts of the economy and the balance of the economy. On a supply and demand graph consumers new interest in surfboarding will impact it by causing an increase in some(prenominal) supply and demand. An increase in surfboarders will cause an increase in demand because more people will want to surf.

This will also cause an increase in supply because the producers will want to meet the consumers wants. These increases will also cause competition among the producers which may lead to lower prices on surfboards. Although it might be good for the economy, it may aggravate many go through surfers by others getting in their way. [pic] Many companies can be impacted in a positive way, by the increase in surfboard sales, these companies are impacted because they are complementary goods that come along with purchasing a surfboard. Some of these complementary goods include: a stomp pad, and wax for grip onto the surfboard. Many surfers use a stomp bad to get more grip onto the board when they are... If you want to get a beneficial essay, order it on our website: Orderessay

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