Business, 28.01.2021 22:30 rosie20052019

New products are brought to market frequently. One such product is athletic shoes. Athletes and celebrities frequently endorse a certain brand or style of shoe which they hope will sell to
the public.
Some shoes are more stylish and popular than others.
Think about what makes one shoe/product more popular than another. How does supply and demand impact the price of an item?
Write an essay which explains what happens when a new shoe enters the marketplace. Using supply and demand analysis and correct
economic terminology, explain how the price of the shoe is impacted if it is popular or unpopular.

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New products are brought to market frequently. One such product is athletic shoes. Athletes and cel...

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