Factors that cause shifts in demand

“Gordon Rule 1 is one of the mandatory written assignment that we have to complete in this class. You should be able to write about 2000 words on the scenario provided. We are looking for completed sentences organized into paragraphs showing a logical development of a main idea or concept. Be careful with spelling grammar usage mechanics and style. The Purdue Owl site provides assistance in preparing your assignment if needed.”

Gordon Rule 1 Supply and Demand Imagine that you have decided to open a small ice cream stand on campus called “Ice-Campusades.”

You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first months scenario–you order the same number (and the same variety) of ice creams each day from the ice cream suppliers and your ice creams are always marked at $1.50 each. Use your knowledge of the factors that cause shifts in demand i.e. change in – income prices of related goods taste number of students expectations and in a multi-paragraph essay provide at least three reasons why ice cream sales fluctuate in this manner. Apply only the factors you think are applicable to explaining this scenario. Now assume that a month later the school allows a competing student the right to sell ice creams on school property. (The number of students on campus remains largely unchanged.) What do you think will happen to the price of ice cream at your campus? Explain in detail Develop a response that includes examples and evidence to support your ideas and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences audience-appropriate language and correct conventions of standard American English.

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