This Forum has been archived there is no more new posts or threads ... use this link to report any abusive content
==> Report abusive content in this page <==
Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Can someone please help me - Economics homework?
04-08-2014, 09:44 PM
Post: #1
Can someone please help me - Economics homework?
Hey guys my classmates and I were really stuck on a particular question in our economics unit 1 homework. We are studying how many businesses use social media for advertising and stuff like that. What we are stuck on is 'Draw a supply and demand graph for a product that illustrates the likely impact of a social media campaign.' We've done a couple of supply and demand graphs before but really basic stuff like price of movie tickets. If someone could draw us one as an example or just tell us how to go about drawing one, that would be very appreciated! Please answer quickly as this is due in tomorrow!

Ads

Find all posts by this user
Quote this message in a reply
04-08-2014, 09:53 PM
Post: #2
 
A social media campaign would shift the demand curve to the right. Social media would be a type of communications strategy that would get more people interested in seeing specific movies.

So the new price and quantity would be at an increased amount

Ads

Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)