Results 1 to 2 of 2
  1. #1
    Unregistered Guest

    Smile Re What does this mean?

    Dear Sirs,

    I am writing to ask the following two sentences.

    "The law of demand" is illustrated in an experiment conducted by the makers of M&M candy. What does "The law of demand" mean?

    According to stories, the expression was contributed to the music world by Cuban orchestra conductor? What does this sentence mean?

    Thanks!

    Emily

  2. #2
    Natalie27 Guest

    Default Re: Re What does this mean?

    Quote Originally Posted by Unregistered
    Dear Sirs,

    I am writing to ask the following two sentences.

    "The law of demand" is illustrated in an experiment conducted by the makers of M&M candy. What does "The law of demand" mean?

    According to stories, the expression was contributed to the music world by Cuban orchestra conductor? What does this sentence mean?

    Thanks!

    Emily
    Personally I am more familiar with the phrase of "supply and demand" but I think both mean pretty much the same. You increase your supply ( produce more) in order to keep up with the demand (people want to buy more). If there is an increase in demand, the prices will go up ...as in the case of M&m's (my favorite! ). If the demand is not there (there is a decrease in demand), the prices will drop.


    Hope that helps.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Hotchalk