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Robert Morwind 10.3.10 Business and Management Mr. Buckley them at the supermarket and they would usually go and buy everything they need. This monopole exists because people would just go to the kiosk because it is close to their house, while people go to the supermarket firstly because they have a bigger 100% variety of goods and secondly 80% because the prices are lower. 60% If the prices at a supermarket would be high then they could 40% go to another supermarket. 20% In the table at the 0% right you can see the prices in percentages. Again the yellow percentages represent the kiosk and are the highest. This table is extremely helpful Kaisers *Kaisersw erth Handelshof (Haan) Kiosk (Haan) to see the actual price change in the percentages. This represents the change better than just seeing the prices. In the graph on the left you can see the difference between elastic and inelastic economics. In this example the demand is elastic, which means the demand can vary and the supply is inelastic, cannot vary. This graph describes the elasticity of the shops and the products which basically answers the question which we had to investigate due to the fact that the prices are elastic in the shops and supermarkets As a conclusion you can say that the Prices are highly influenced by the size of the shop and by the location. Economics of scale highly influence the price and control the profit of the company/shop. It allows the shops to vary in the price, because the fixed costs are different. Although the rent could be much higher for a supermarket the shop still has to set the prices higher because the quantity and labor is more expensive.
H es H caf C Mil ei e o k ar N nye Or ffe ib es K ig e o te e in G a tc al ol P h db fi up ae r si rc ch h po Po Pe Pe en w w e ps ps er ra i l i a d d ig e e B ht O lu ra e ng C F e oc a a nta C C M S ol M oca ez pr a es C zo ite se o M rm la Z ix er er Te o C or M e nf ar la s ke s N
Appendix:
Products Milk Coffee Nescafe Original Heinye Ketchup Nestea Pfirsich Haribo Goldbaerchen Pepsi Pepsi light Powerade Blue powerade Orange Fanta Coca Cola Sprite Mezzo Mix Coca Cola Zero Messermer Tee Mars Cornflakes
Handelshof Percentage Kaisers Percentage Kiosk Percentage Increase Average Haan Increase Kaiserswerth Increase Haan Handelshof to Kiosk Price 0.60 20.00% 0.75 25.00% 1.00 40.00% 0.78 1.00 13.04% 1.15 23.33% 1.50 33.33% 1.22 4.99 16.69% 5.99 7.85% 6.50 23.23% 5.83 1.99 13.10% 2.29 16.73% 2.75 27.64% 2.34 1.40 3.45% 1.45 14.71% 1.70 17.65% 1.52 0.60 32.58% 0.89 19.09% 1.10 45.45% 0.86 0.45 10.00% 0.50 16.67% 0.60 25.00% 0.52 0.80 5.88% 0.85 15.00% 1.00 20.00% 0.88 0.85 14.14% 0.99 1.00% 1.00 15.00% 0.95 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 0.85 4.49% 0.89 11.00% 1.00 15.00% 0.91 2.00 12.66% 2.29 23.67% 3.00 33.33% 2.43 0.59 14.49% 0.69 31.00% 1.00 41.00% 0.76 1.89 20.92% 2.39 31.71% 3.50 46.00% 2.59
Bibliography
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Price Elasticity of Supply. (2010, March 8). tutor2u. Retrieved from http://tutor2u.net/economics/content/topics/elasticity/elasticity_of_supply.htm