Equilibrium volume designates that the quantity of products is equal to that its quantity on which there is demand. Knowledge of this size will allow to predict more precisely sales volume and to competently select marketing tactics.
It is required to you
- - statistical, accounting and expert data on the process of implementation and cost of goods.
Instruction
1. Construct the schedule of demand on concrete goods. The curve of demand will display dependence of change of demand on increase / reduction in price of goods. As axes of the similar schedule use the price of goods and size of demand for it. Consider that demand is formed under the influence of the income of potential buyers, the number of such citizens and the cost of goods.
2. Construct the schedule of the offer on the same goods. The curve of the offer will display change sumsof products which sellers can realize at alternative cost. As axes of the similar schedule use values of the price of goods and the size of its offer. Consider the fact that change of the offer depends on rigidity of competition in the market, primary properties of the product offered to sale, instability of the prices of resources, taxes and grants.
3. Find a point of intersection of the above-stated curves of supply and demand. The volume of demand will be equal in this point to offer volume. This value will also correspond to equilibrium volume.