SUPPLY AND DEMAND Essay Example | Topics and Well Written Essays - 500 words - 1

SUPPLY AND DEMAND - Essay Example An increase of firms offering the same product lowers demand since the customers can meet their needs by choosing from various companies. However, a decrease in the number of enterprises providing substitute products would result in an increase in demand. The quality of the product is another significant factor that can cause a change in the demand for the Tropical Smoothie Cafà © products. An increase in quality would increase demand, and a decline  in  quality would lead to a decrease in demand (Arnold, 2008).Essentially, customers will always go for quality products. In this regard, the firm must enhance quality production to promote demand. Some of the factors that would affect change in supply include the price of inputs and the level of production technology used (Abdul, 2002). An increase in the  cost  of inputs results in the decline of supply. Essentially, a rise in the cost of inputs means that the firm has to spend more to maintain the same supply as it was before the price change. In this regard, the firm might not be in a position to meet the addition cost and, therefore, end up ordering for less supplies. On the contrary, a decrease in the price of inputs leads to increased supplies. The level of production technology also affects the change in supply. Use of an advanced and efficient technology would lead to increased supply (Boyes & Melvin, 2014).  . Apparently, efficient technology speeds up the production process, and this increases the total output. On the other hand, the use of outdated and inefficient technology results in reduced supply. Essentially, defective technology is likely to cause delays in productions. The delays in productions lead to reduced output and, therefore, reduced supply. The quantity demanded can be changed by manipulating the price of the product. For instance, all other factors held constant, a decline in rice leads to an increase in

The Glass Menangerie Essay Example | Topics and Well Written Essays - 750 words

The Glass Menangerie - Essay Example Tom Wingfield, Laura’s brother is the narrator of the events of the play from memory. Amanda’s husband is described as â€Å"a telephone man who fell in love with long distance†, who had deserted his family when Tom and Laura were children. Amanda had to fend for her family al alone and therefore suffers a withdrawal from reality. Laura has physical handicap, walks with a limp and wore braces to high school. Therefore this has made her frightfully shy, to the extent that the outside world scares her. She finds solace and is very comfortable with her collection of glass figurines and enjoys her father’s old Victrola Phonograph Records. Tom worked in a shoe warehouse but was a â€Å"selfish dreamer† who wasted a lot of time on movies, alcohol and reading novels. The atmosphere at home was quite strained as there were quarrels and arguments that took place very often. Each of Tennessee Williams characters have their own goals that they want to achieve. Amanda is looking forward to Laura finishing High School and taking up a job, but her hopes are sadly dashed to the ground when she finds hat Laura has stopped going to school because of her terrible shyness. Amanda is extremely disappointed but resolves once again to find a suitable match for her daughter Laura before she becomes like one of those â€Å"barely tolerated spinsters†. So she puts Tom in charge of bringing in a good bridegroom for her. Tom brings in Jim O’Connor who happens to be the very boy that Laura secretly loved in High School. Laura tries her best to overcome her shyness and Jim helps her a lot. Just as she feels very comfortable with Jim, he tells her that he is engaged to a girl called Betty whom he would marry shortly. He also went on to explain that he had changed so much after the engagement, because of love. Poor Laura’s hopes are sadly dashed to the ground and both she and her mother fretfully blame