Demand Analysis The term ‘demand curve’ is used to describe the quantity of an item that will be in demand due to the customers’ will to buy and the ability to buy the item over a specific time period priced at a specific rate (Hildenbrand, 1983). In general, the depiction can be described as the relation (inverse) that exists between the demand and the price. Figure: Demand Curve (Source: Learner) As stated in the above figure, the product demand falls as its price increases, and its demand significantly increases as the price falls. The demand Q1 at price P1 (high) is lower than demand Q2 at price P2 (low). Factors affecting demand Relative goods price Coca Cola demand is affected by the shifts in the prices of similar items. Figure: Classification of relative goods (Source: Learner) There are various items that can be regarded as the substitute of Coca Cola, some of the common ones in the market, including Pepsi, Limca, Red Bull, and many more. Now, in case the Coca Cola price increases by 20 cents while the other…
Public Relations in the Crisis of Coronavirus COVID-19, a highly contagious disease that spreads from one person to another, has rapidly spread across the globe. Various companies in the United States of America have joined in the fight against coronavirus epidemic through their public relations branding patterns. Coca-Cola Company is one of the companies in the top list of best brandings against coronavirus. ‘Staying Apart is the Way to Stay United’ is the Coca-Cola branding against the spread of coronavirus. Coca-Cola Company decided on the brand after realizing how contagious coronavirus is, and they concluded to create public awareness to minimize the spread of the virus. I think the Coca-Cola branding is a good idea since it discourages the public against unnecessary movements that facilitate the spread of coronavirus; the virus spreads from one person to another, and the spread is easily enabled when people keep close contacts. The government of the United States and governments of other several countries across the globe have asked their citizens to stay at home. The Coca-Cola branding, therefore, promotes a vital precautious measure…
State of the Economy The great recession in the U.S. was a severe financial crisis combined with a deep recession. The latest official recession lasted from December 2007 till June the year 2009. And it took the United States several years to recuperate and improve to pre-crisis levels of employment and output (Grusky). The slow reclamation was due in part to the households and financial institutions paying off arrears accrued in the year before the crisis and further the reserved government expenditure following the initial stimulus efforts. Furthermore, according to the statistics by the department of labor, approximately nine million jobs equivalent to seven percent were shed from February 2008 to February 2010 with the real GDP contracted by 4.2% between the fourth quarters of the year 2007 and the second quarter of the year 2009. Therefore this is the reason the great recession is considered to be the worst economic slump since the great depression (Grusky). Moreover, the GDP trough was realized in the second quarter of the year 2009. Therefore this technically marked the end of the recession.…
Speech, Sex and Money The most valuable wisdom lessons I learned in class were speech, sex, and money. During the lesson, I learned and understood the importance of each of the wisdom in the most effective manner. The three pearls of wisdom are amalgamated in the Bible verses in the book of Proverb to form a substantial consolidation that is very vital in the average life of every individual, especially those who wish to live a decent Christian life. Wisdom of speech was primarily connected to communication and the use of language. It made me realize the significance of a knowledgeable manner of communication. I learned that I should always be mindful of my words to others as they can be used against me or, as it happens, can decide the type of person I am. Wisdom of sex was as well a significant aspect of good living. It precisely elaborated on the pre-eminent and important personal behaviors towards sexual relations. It enlightens my understanding of sex and the right ways to go about it. Money was the last wisdom.…
Microeconomics in the Housing Industry Introduction Brief History of U.S. Housing Market In 50 years, government stakeholders, citizens, and policy analysts heeded to the proclamation that homeownership is vital to all partakers of the American dream. The idea was much embraced as it laid a credible framework for the development of the nation. Consequently, different bills were set in motion to pave the way for a majority of the population to own houses. New institutions were established, government subsidies put in place, and tax laws were enacted to reduce the cost of loans issued by financial institutions. These shifts within the economy, coupled up with the decline in unemployment, increased demand for homes. Following immediately after the altercation was an expansion on the housing industry and increased prices, which was aimed at maximizing profits. Indeed, an unprecedented number of benefits streamed form the variety of rules and regulations enacted for the population to thrive in homeownership. For example, the aggregate of the people that acquired new homes rose from an estimated 64 percent, which was prevalent during the 1970s…
How does the Character Fanny Price help the author communicate the theme of Social Morality? Social morality is one of the key themes in the novel Mansfield Park by Jane Austen. In brief, this theme is concerned with understanding how people go up the social ladder. In this case, the different steps of the ladder are economic and the social bit of each step is defined by the morality of those involved. The author communicates this idea by examining the lives of three ward sisters, their economic wellbeing and their overall moral values. Austen’s key argument is that high social standing does not guarantee morals and that people in the lower hierarchy in the social ladder should be given a chance to go up the ladder. The three sisters in Austen’s novel marry men from three social classes namely the low, middle and high social classes. The first sister Maria Ward is very concerned with going up the social ladder and thus marries Sir Thomas Bertram who is a member of the high social class. The second sister, Mrs. Norris,…
Water Management Issues According to Roadmap for Sustainable Water Resources in Southwestern North America and the Yale Environment 360 articles, what are four modern water management strategies that could be implemented in the southwestern U.S. to make water resources more sustainable? Answer in your own words in 1-2 paragraphs. Four modern strategies can be employed in the Southwestern U. S to make water resources more sustainable (Gleick, 2010). First and foremost, the first strategy is by reevaluating new water supply methods like reusing water and tapping water from underground. The other approach is by amending tools to reduce water pressure in regions that have demand for water that is used, for instance, in irrigation. Therefore, reevaluating water demand by making the existing systems more efficient is a crucial strategy. Additionally, other strategies are improving structures for managing water and incorporating climate change into decisions that are made on water. Making adjustments by using modern ways can significantly affect the efficiency and demand for water. Climate change, on the other hand, will always keep affecting water supply; hence it is vital to…
NPR, GMO And Round Up and Cancer Q1. NPR Podcast Part A- Speaker’s Professional Expertise Joel Bourne has the needed professional expertise to warrant his discussion regarding food shortage, the underlying causes, and the probable solutions to end this problem before it becomes a global menace (Bourne (2015)). Bourne has a degree in agronomy, which is a field that’s relevant to the topic of discussion. He is a contributing author and reporter with national geographic and related science magazines. Joel Bourne reports that while working with National Geographic, Joel accumulated a total of 20 years’ experience starting from the year 2000. During this period, he reports have written articles covering news and researched areas relating to; Wetland loss in Louisiana. The 2007-2008 global food crisis. Issues of climate change. The 2003 heatwave calamity that killed 73000 and left large masses of wheatland scorched. The worst US drought that cost the country over $30 billion (Bourne, 2015). Therefore, Joel Bourne is experienced and has the expertise needed to talk about food shortage and its relation to the global population. Part…
Huawei Cheap Mobile with its Prices Huawei Mate 10 Pro It is amazing phone of the Huawei Company with huge storage with 64/128GB RAM which is built-in with 4/6GB RAM. It’s an amazing version of this series. This handset has dual camera quality which is setup with 20MP, 12MP with dual-LED, dual-tone flash. You can record your videos with very high quality with an amazing result. It also has front camera with 8MP camera quality. It is also known as android smartphone with v8.0 and EMUI 8.0. The weight of this handset is 178G. It is available in many colors like midnight Blue, Titanium Gray, Mocha Brown, Pink Gold. It has frequency of 2G to 4g LTE Band. This handset has built in processor with CPU and Chipset of HiSilicon Kirin 970. The size of this handset is 6.0 inches. The resolution quality of this handset is very high. The Retail Price of this handset is $649. Huawei Nova 3 The retail price of Huawei Nova 3 is $447. It is the new version of Huawei series that are going…
Huawei Mobile Prices Huawei P30 Pro It is amazing phone of the Huawei Company with huge storage with 256GB RAM. It’s an amazing version of this series. This handset has Quad camera quality which is setup with 40MP, 20MP, 08MP with dual-LED, dual-tone flash. You can record your videos with very high quality with an amazing result. It also has front camera with 32MP camera quality. It is also known as android smartphone with Pie 9.0 and EMUI 8.1. The weight of this handset is 192. It is available in many colors like Aurora, Amber Sunrise, Breathing Crystal and Black. It has frequency of 2G to 4g Band. This handset has built in processor with CPU and Chipset of 980 HiSilicon Kirin 7nm. The size of this handset is 6.5 inches. The resolution quality of this handset is very high. The Retail Price of this handset is $1174. Huawei Mate 20 Pro The retail price of Huawei Mate 20 Pro is $894. It is the new version of Huawei series that are going to announce in Mate version. It has…