BUS 100 University of Maryland Supply and Demand Discussion

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As consumers, we see examples of supply and demand at work in our economy every day.

Your job – give us an example you have observed of either demand exceeding supply, and the price of a good or service increasing; or, supply exceeding demand, and the price of a good or service decreasing.

After you post your own comments, the 2nd half of the assignment is to read your classmate’s comments and post at least 1 reply.

Hello friend. I need you response to this class mateHis answer: At my job (TreasureChestDMV) I see examples of supply and demand exceeding each other constantly as we are a liquidation store that doesn’t have deep inventory on the best sellers but we may end up over loaded with shelf-sitters. but the main example I want to give is on our wholesale part of the store as we sell “pallets” that is mysteriously loaded with goods that can vary in price from $500 or more, we had stopped them for a while but the one weekend we brought it back recently we sold 14 pallets for $500 each which showed me and my crew that the community was almost anticipating the drop of the pallets showing the demand as it also shows how it exceeded the supply due to us only having 14 prepared when we usually have more. 

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