economic

s
supply demand

Submitted to:
Fabillar, Pi
Christ the King College
Submitted by: 1
BSBA
Ramos, Ryan James
Silao, Mark Arvin
1 SUPPLY AND DEMAND

1. If the price of fish decreases, what happens in the market for fish?

- Since the price of fish decreases, the sales will increase.

2. When does the demand for fish is high?
- There is a high demand for fish during Fiestas and holidays, like city fiestas,
Christmas and New year.
3. If the price of meat decreases, will the demand for fish affected?
- Yes! It can affect the demand for fish because the customers will buy meat
instead, because it is cheaper.
4. What happened if the supply of fish is high?
- If the supply of fish is high, its demand to the costumers will decrease.
5. How many fish you sold per day?
- If there are lots of customers buying, we can sell 2 boxes of Styrofoam per
day.
6. Where did get your supply?
- We have 2 suppliers, first is from the Calbayog City fish port and the other
one is from Burabod.
7. What do you do if your supplier is out of fish?
- Since I have 2 suppliers, I did not experience shortage in fish.
8. Does your supplier give you a discount?
- Yes! Since they’re our suppliers for a long time.
9. Does your supplier exclusively supply you?
- No! But I am the priority of our supplier.
10. Does your supplier have the best fish in the market?
- Yes! Because from the time they caught the fish, it will be directly delivered to
us.
2 SUPPLY AND DEMAND

Name: Ryan James Ramos Course: BSBA

REFLECTION:

In reflection of this project about the demand and supply, demand refers to a
consumer's desire to purchase goods and services and willingness to pay a price for
a specific good or service. And Supply pertains to how much the producers of a
product or service are willing to produce and can provide to the market with limited
amount of resources available. I’ve learned that these two have a direct impact to each
other. The relation of these two is the backbone of the market. The principle of supply
and demand explain how the market determines the price and quantity of goods to be
sold. If there’s an abundant of supply of a certain product in the market, its demand
will increase because the price of the product drops due to over number of supplies.
Consumers will buy the product that cost a little than those at with the higher price.
And also, the pricing also affects the demand, if there is a high pricing of a certain
product in the market, its demand is low because less people will buy that product.
The higher the price, the lower the demand and the lower the price, the higher the
demand. whatever changes in one thing, it would affect other aspects as well.