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HelpWithAssignment is the perfect place for you if you are a student of economics and need help with your econ assignments and economics homework essays. As a student of economics, be it for your undergraduate program or for more advanced studies, it is easy to feel confused and lost in all the theories and laws that you have to remember and write your assignments. With the existing course load, it is easy to feel stressed and not be able to devote the amount of time to research and structuring your supply and demand assignment just the way you want it.

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Supply and Demand Analysis Assignment HelpSupply and Demand Analysis

Supply and Demand are one of the most fundamental concepts in Economics and are the backbone of the market economy. Demand is defined as the willingness to buy a product that is backed up by the money required to buy it. Put simply, demand is the desire to buy a product at a certain price. Supply refers to the number of products which is available in the market. The number of goods the producer is willing to sell in the market at a certain price. As we can observe that price is the common factor in both demand and supply, it is therefore the reflection of supply and demand.

Law of Demand:

 The Law of Demand states that if all other things are constant when the price of a product increases, the demand for the product decreases. And when the price of the product decreases, the demand for the product increases. Demand and price of the product share an inversely proportional relationship. This is because money is a limited resource and people can’t spend money on just one thing alone. So, people try to strike balance between the money they possess and the costs that they can incur. Ex: The cost of a flight ticket from point A to point B is $1000 and the same journey on a train will cost $150, what will you choose? Naturally, people will choose the train.

Law of Supply:

The Law of Supply states that the producer wants to supply more of his product when there is an increase in the price of the product. As manufacturers produce more output, their total costs increase proportionately. The ratio to the total cost and the quantity of the product increases. This is the firm’s marginal cost of production. As marginal cost is the additional cost incurred to produce a good, the price of the product also rises and the firms will definitely charge more for the additional products produced.

Equilibrium:

 A market attains equilibrium when both the demand and the supply intersect with each other. This can be shown in a curve. Here in the below curve, as we can see, the demand and the supply meet at point X. This is the point where the market attains equilibrium. This is the optimum point where both the consumer and the supplier get maximum satisfaction and profit out of the product respectively. It is the point where the market is in a stable condition.

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Background of Our Online Supply and Demand Assignment Help Experts:        

  • Equipped with a master’s degree in economics she is currently pursuing her Ph.D. in economics from one of the leading universities in London. She is proficient in a wide range of topics of economics including supply and demand. Being in academic pursuit herself she is known to provide excellent assignment writing based on the requirements submitted by you.
  • Currently working as a manager in a French bank our next online supply and demand assignment help expert has over seven years of online teaching experience. He has a master’s degree in economics and is well-versed in all the recognized methods of referencing that are followed by the top colleges and universities.
  • Our next online supply and demand assignment help expert is a Ph.D. from one of the leading universities of North Carolina and is currently holding a teaching position at the same university. He is dedicated to helping his students both in the brick-and-mortar classroom and online understand the concepts of economics and ace their supply and demand assignments.

What do our previous online supply and demand assignments help customers have to say about us?

“I had trouble understanding the laws of supply and demand and just could not get my assignment the way the professor wanted it. After I sent the request to HwA I not only got a clear idea of the law of supply and demand but also got a B+ on the assignment. Thank you HwA!” William Sennett, Jan 2016

“I am very happy with the way my supply and demand assignment was structured and the research and effort that the online economics assignment helped experts at HwA put into it. My professor was very happy with the quality of my work and marked it with top grades. I’m definitely taking the package for the coming semester”. Rachel Lewis, Oct 2016

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