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Study of demand and supply of Activa and Dio at Goa Rajee, Nuvem branch
To analyze demand and supply of Activa and Dio at Goa Rajee. To see the application of these concepts.
METHODOLOGY
Primary source: Personal Interview
LIMITATION
No access to financial and statistical reports.
Law of demand states that there is a inverse relationship between price and quantity of a good demanded. This means demand curve slopes downward
Law of demand doesnt work in the same way in Goa Rajee. Demand curve is positive.
Less substitutes. Financial institutions providing schemes. After sales service. Good quality spare parts. Loyal customers. Rise in income levels of consumers.
Law of supply states that there is a direct relationship between price and quantity of good supplied
SHIFT IN DEMAND
It states, change in income, preference or prices of other goods and services leads to shift in demand.
In Goa Rajee, there has been a gradual increase in price which has led to gradual increase in quantity demanded.
INCREASE IN DEMAND
INCREASE IN SUPPLY
It states, higher equilibrium price and higher equilibrium quantity supplied. In Goa Rajee there has been higher demand which has led to a gradual rise in price and quantity supplied. The reasons for gradual rise in price are change in technology and price of other input factors.
It states, lower equilibrium price and higher equilibrium quantity supplied. This concept is not applicable for Goa Rajee as there has never been a case of higher supply.
DECREASE IN DEMAND
DECREASE IN SUPPLY
It states, lower demand lower price lower quantity exchanged. The above stated concept is not applicable to Goa Rajee.
It states, lower supply higher price lower quantity exchanged. In Goa Rajee there is lower supply and lower quantity exchanged but it does not lead to higher price.
EXCESS DEMAND
EXCESS SUPPLY
Quantity demands > Quantity supplied at a prevailing price Leads to increase in price Not applicable to Goa Rajee
Quantity supplied > Quantity demanded at the prevailing price Leads to decrease in price
Presented By: Karen Dias Pranjali Jain Sumedha Kadam Sowmiya Santhanam Sharmad Kamat