Economics Supply and Demand
Title: Economics Supply and Demand
Category: /Law & Government/Government & Politics
Details: Words: 523 | Pages: 2 (approximately 235 words/page)
Economics Supply and Demand
Category: /Law & Government/Government & Politics
Details: Words: 523 | Pages: 2 (approximately 235 words/page)
Economics, supply and
demand
In the article we find that teenagers have the oppertunity to be demanding about their
salary in the baby sitting field, because the amount of babysitters today are scarce. The
babysitting population, teenagers, find themselves busy with school, part time jobs, and
extracirricular activity. Teenagers with drivers licenses are even more scarce than those
with out, all in all, It's hard to find a babysitter. Times have changed, just twenty years
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this will show a steady PPC with no signs of relief for the consumer.
This article shows the power of supply and demand. 20 years ago when children
under the age of 10 and baby sitters age 10-19 were both fewer, we saw more competition
between the baby sitters resulting in price decreases. Today with fewer baby sitters, all
with busy scheduals, and more young children we see the damand increase resulting in an
increase of price.