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I was trying to figure out who is Joy... :)

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I was trying to figure out who is Joy... :)

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Since the the candy market is so outdated the production of candy is 3 times than most companies.

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With more firms being built the candy market supply has increase shift the curve to the right.

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The company paid for their workers to take cooking class so they could enhance the quality of their candy

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The sellers at the candy market decided to withhold their products until October where it would sell better during halloween time

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One of the candy factory ran out of sugar and the next package wouldn't arrive until next week. The supply decreased to the left

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Due to government organizations insures the ingredients is safe inside the candy

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Movie tickets prices were raised which caused the demand for movie candy to decrease and shift to the left on the graph

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With children being forced to stay at home during the pandemic instead of being at school the demand for snacks and candy would go up, shift to the right of demand curve.

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With Halloween being around the corner people are expecting better deals on the candy that will be on sell, increase due to a change in the expectations of future prices

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Since the price of candy has gone up on the market people have started buying chips and cookies as a sustitute

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Drake announced his favorite candy which changed the consumers taste from chips and cookies to candy instead. The demand for candy increased due to consumer taste and popularity of the candy, shift to the right of demand curve.

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The minimum wage was raised to $15 which increases the candy market due to the change in income, shift right of demand curve.

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The Law of Demand has a inverse relationship. As price increases, quantity demanded decreases and vice versa. If the price of the pencil increases then quantity demanded for the the pencils would decrease. Consumers wouldn’t be willing to buy as much of the candy at a higher price.

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The Law of Supply has a direct relationship. As an increase in price results in a increase in quantity supplied. If the price for candy increases then producers will supply more to please the consumers. Law of Supply can also affect the candy market when the price for candy decreases, the quantity supplied will also decrease.