https://padlet.com/200413933/po8rpqo7oo6u By: Serrina, Aianna, Michael, Alinna, and Sam en-us 2018-09-04 17:43:18 UTC 2018-09-05 17:57:02 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/277693483 Competition generally increases supply, but lack of competition may decrease the supply.

]]> 2018-09-04 18:06:47 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277693483 200620349 https://padlet.com/200413933/po8rpqo7oo6u/wish/277693748 Competition makes companies compete with the prices and quality of their goods/services]]> 2018-09-04 18:07:15 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277693748 200620223 https://padlet.com/200413933/po8rpqo7oo6u/wish/277694073 -Nike vs Adidas
-Target vs Walmart
-Iphone vs Android]]> 2018-09-04 18:07:48 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277694073 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/277695466 If a selection of something is limited, the demand for that item is increased. ]]> 2018-09-04 18:10:14 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277695466 200620223 https://padlet.com/200413933/po8rpqo7oo6u/wish/277696371 2018-09-04 18:11:51 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277696371 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/277697267 Let us say that the demand for video games were to fall, there would be more games on the market than consumers wanted to buy.]]> 2018-09-04 18:13:57 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277697267 201700116 https://padlet.com/200413933/po8rpqo7oo6u/wish/277697304 More suppliers in a market tend to increase supply. How this works is, each producer that supplies more of their product, competes for a share of the market demand. This moves the supply curve higher as producers give more goods at each and every price for the product.]]> 2018-09-04 18:14:01 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/277697304 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/278023465 2018-09-05 15:12:35 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/278023465 200620203 https://padlet.com/200413933/po8rpqo7oo6u/wish/278087276 competition makes companies more money and more supply ]]> 2018-09-05 17:04:56 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/278087276 200620349 https://padlet.com/200413933/po8rpqo7oo6u/wish/278106109 2018-09-05 17:36:17 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/278106109 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/278106582 2018-09-05 17:37:05 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/278106582 200413933 https://padlet.com/200413933/po8rpqo7oo6u/wish/278116450 In conclusion, competition greatly impacts the supply and demand of products. If there is less supply of an item, the demand for it increases and if there is more supply of an item, the demand for it decreases.]]> 2018-09-05 17:52:51 UTC https://padlet.com/200413933/po8rpqo7oo6u/wish/278116450