Kategoriak: All - price - equilibrium - supply - demand

arabera Elizabeth O'Neill 4 years ago

298

Demand and Supply

The intricate relationship between supply and demand drives market dynamics, with various factors influencing shifts and movements on their respective curves. Supply is defined by suppliers who provide goods or materials to meet consumer demand, with shifts in supply influenced by factors beyond just price, such as government taxes, unplanned events, and technological advancements.

Demand and Supply

Demand and Supply

To name your story, you have to think about the overall message and what you want your audience to understand from the story. Also, make it relevant and easy to remember.

Equilibrium

The ending of a story is essential. We all know that if the ending is weak, what happened before loses its importance. So make it unpredictable, but fair. A resolved ending answers all the questions and ties up any loose threads from the plot.

Price mechanism

This is the closure section of the story.
See examples of possible outcomes below:

This changes the equilibrium as different factors eg price, advertising, population changes.

Try answering these questions to come up with a closure:
- Have all the problems been solved?
- Is there a clear picture of what happens with each character in the story?
- Has the challenge transformed your main character?
- How do the characters feel in the end?

What is this?

This is the moment when the main character surpasses the last obstacle and finally faces their greatest challenge.
The climax usually follows one of these patterns:


Type in your answer.

The price at which quantity demand by consumers equals the quantity supplied by producers.

Supply

The middle of the story is where you add layers of complications that will lead to the end. Reveal more about the character's journey. Did their personality go through changes? How did they overcome the challenges? And as you build up the story’s central conflict, make it more personal to that character. Also, from the middle act, you have to lead into the final act.

Suppliers

There wouldn't be any tension and excitement in your story if there weren't any obstacles in your character's way.

Provide the good or materials to create the good to keep up with the consumer demand and to be sold on to the consumer

A story is nothing more than a character overcoming a series of difficulties to reach the desired goal. Obstacles usually create suspense and conflict. In overcoming obstacles, there is growth: weak becomes strong; hatred turns into love; sadness into happiness; wrong into right; lies into truth; or evil becomes good.

See a few examples below:

Your character(s) need(s) motivation in order to solve the challenge(s).

Unplanned events
Government taxes
Technology breakthrough
Selling price of goods that producer could switch their production to.

Secondary characters also might have motivs beacuse of which they may cross path with main character or which might trigger them to help the main character.

Cost of production.

Secondary characters might also have motives that lead them to cross paths with the main character or which might trigger them to help the main character.

Price.

Why does your character need to confront this challenge? What does he/she expect to accomplish by solving it?
See a few examples:

Shifts and movement on curves.

Each story has a main character and that character usually needs to solve a problem or challenge. The character's challenge is the one that creates tension throughout the story.

Movement

Due to change in prices

Subtopic

Shift

Type in any other challenges which other characters in the story need to face.

Due to change in all or any other factors bar price

Shift/movement

In most stories, there are 3 challenges. The number 3 is a mystical number symbolizing completeness. Try to come up with interesting challenges with which your character needs to struggle.
See a few examples below:

right is good

Left is bad

Demand

In the beginning of the story (or the exposition), you will need to introduce the setting and characters. You might also want to introduce the main conflict. This part of the story is important because it gives the reader necessary background information and maybe even a first insight into a character’s personality.

customers willingness and ability to buy a good

The setting (time & place) of a story can change throughout the plot.

Relationships

The time of the story can also change. It can describe the event of a single day or can include an entire year's plot. Anyway, don't forget to mention it.

Demand decreases

When price increases

Determinants

Your story can take place wherever your imagination will take you to.
For example: in an elevator, in an enchanted forest, etc. Don't forget to give details of the environment each time the setting changes, otherwise, the story can be confusing. Also, mention the seasons as each of them has unique weather and events.

Advertising (A)

Population (Pop)

Taste (T)

Income (Y)

Price complimentary (Pc)

Price substitute (Ps)

Price (P)