Discussion 1
"Supply and Demand"
From the scenario for Katrina's Candies, examine the key factors affecting the demand for and the supply of a good in general and Katrina's Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve). Propose two methods in which organizations that provide the good may utilize this information.
During the Weekly Scenarios Herb Jones, a graduate student and part-time data analyst, together with other key members of Katrina's Candies will work together on projects related to managerial economics and globalization.