Discussion:
To receive full credit for this assignment, you must post two well developed paragraphs in this forum where you respond to these 2 questions:
1."From your experience, and with your knowledge of the components of supply and demand, do you think it is possible to manipulate the equilibrium price? Do you have any examples of such behavior? (In other words, is the market price always determined by the confrontation of supply and demand?)" Discuss.
2."Why is it important for a company to estimate demand and how does demand estimation affect planning? Explain using an example." Discuss.