Saint Leo University the Hudsucker Proxy Clip Discussion Post

User Generated

QnivanQ

Economics

Saint Leo University

Description

After watching The Hudsucker Proxy clip, discuss the following:

a) What shift factor was at play in this scene?
b) How did it affect the equilibrium price and quantity?
c) Think of a time in your life where your demand was impacted by a shift factor and describe it using the economics we have covered.


*The video is in the module content.

When answering this discussion question, please ensure you answer all three parts of the question. Label each part as shown in the question as a paragraph. You don't have to copy the question, though. In paragraph a), all I need is the name of the shift factor and why you picked that shift factor. For paragraph b), I want you to talk about how the shift factor affected the supply and/or demand curve initially and then after the boy found the hula hoop; then determine what happened to the equilibrium price and the quantity purchased initially and after the boy found the hula hoop. In paragraph c), I want you to identify a product and explain how one of the supply or demand shift factors affected the appropriate curve. Each student needs to pick a different product. Answer the following question also: did your change in demand or your change in supply affect the equilibrium market price for the product? As mentioned above, you must have three paragraphs, a), b), and c), in answering this discussion question. As usual, I will make some comments concerning your post. Make sure you spell check and reread your submissions prior to posting them to catch wrong words, spelling errors, and grammar errors

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

1

Discussion post

Student’s Name
Instructor’s Name
Institutional Affiliation
Date

2

Discussion post
Paragraph a
The shift factor would be no selling of Hula Hoops. There is no demand for the product,
making the store owner lower the prices to the extent of throwing the products outside the door.
The low sales would be attributed to poor marketing by the Hula-Hoops manufacturer.
Additionally, the kids who were the tar...


Anonymous
Just what I needed. Studypool is a lifesaver!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags