Discussion Questions

Question: 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.

Question: Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve)

Question: From the above, indicate the factors that are responsible for a shift in demand; and explain how the change is effected by these factors. Indicate the factors that are responsible for a shift in supply; and explain how the change is affected by these factors.

Question: Select a good or service in which you are interested. Use the Internet to locate information regarding the supply and demand of this good or service. Be prepared to discuss.