HELPP!! ECONOMICS
what aspect of demand can a business control? what cant it control? what can producers do with information about the demand curve, as well as information about trends affecting demand changes, to spur their growth ?

Demand Vs Business Control

Explanation:

Effect of demand on business control

If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.Price elasticity of demand affects a business's ability to increase the price of a product. Elastic goods are more sensitive to increases in price, while inelastic goods are less sensitive. ... Their main profits come from products in higher demand.

How can it be control :

To gain control over these two variables, you will be able to gain control of your pricing and profit margin.Singular AccessSeemingly Endless Inventory Surprisingly Remarkable ServiceShocking Return PolicyShopping in Your Underwear

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