Task:
Examine the key factors affecting the demand for and the supply of a good for a candy company selling sugar-free candy. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).
From the above, indicate the factors that are responsible for a shift in demand; and explain how the change is effected by these factors.
From the above, indicate the factors that are responsible for a shift in supply; and explain how the change is effected by these factors.
Examine the key factors that influence the supply and demand of coffee and propose two (2) methods in which organizations that provide coffee may utilize this information. Provide a rationale for your response.