Can someone please help me - Economics homework?
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04-08-2014, 09:44 PM
Post: #1
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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!
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04-08-2014, 09:53 PM
Post: #2
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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 |
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