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Do you agree Currently Supply in market is based on last years Consumer Demand?

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Question added by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
Date Posted: 2016/06/05
مها شرف
by مها شرف , معلمة لغة عربية , وزارة التربية السورية

I leave the answer to the experts. Thanks for the invitation. 

 

TARIG BABIKER AL AMIN
by TARIG BABIKER AL AMIN , Head of Planning and Studies Unit , Sudanese Free Zones and Markets Co.

Basically the demand is a mechanisms of the market share estimate for the institution in the estimate supply of their products

mohammed negm
by mohammed negm , مدير مبيعات , مؤسسة أطياف لتجارة المواد الغذائية

 I agree with Mr. BARKAT ALI answer. ....Thank for invite

ghazi Almahadeen
by ghazi Almahadeen , Project Facilitator , Jordan River Foundation

Thanks for the invite ............................ agreed with Mr. Tariq answers

I leave the answer to the experts .

Farhana Siddique Fari
by Farhana Siddique Fari , Coordinator , Coordinator at DFA, Dr Fazeela Abbasi, Advanced Skin, Laser & Hair Institute, Islamabad.

I fully agree with Mr. Barkat Ali's well-explained answer. Thanks

 

Amjed Mehboob
by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre

By Economist point of view , currently years supply is based on last years supply , logically it is true , because  any producer ,

When find rising in demand then entreprenuer analysis the demand, what kind of rise, either it permanent or seasonals,that is know " Wait and See" policy.

If demand is increasing permanently then entreprenuer invest and its machinairies are not ready made , it has take times and atleast one  year for production.

Demand Function is  Qd=F(Pt)

Supply function is Qs=f(Pt-1)

 

Barkat Ali
by Barkat Ali , Accountant , Abdullah Bin Ahmed Bin Mohd Al Muzahmi Trading

There are some factors that influence on demand and supply.

Factors affecting Supply

Price, Cost of Production (Prices of Factors of Production), Technology, Natural Condition, Transport condition, Government’s Policies, Goals / Objectives of the firm, Prices of Other Goods

Factors affecting demand

Price, Number of Buyers, Price of other Goods, Income, Expectations about future, Taste, Competition, Fashions

PriceUsually viewed as the most important factor that affects demand and supply .Price is the agreement between sellers and buyers at this seller wants sale the commodity and buyer wants to buy the commodity.  

Equilibrium

A situation in which the market price has reached the level at which quantity supplied equals quantity demanded

Equilibrium price

The price that balances quantity supplied and quantity demanded

Equilibrium quantity

The quantity supplied and the quantity demanded at the equilibrium price

Surplus

A situation in which quantity supplied is greater than quantity demanded

Shortage

 A situation in which quantity demanded is greater than quantity supplied

Patrick Muhumuza
by Patrick Muhumuza , Statistical Assistant , Uganda Bureau of Statistics(UBOS)

I dont agree because the currently supply in the market is based on the currently consumer demand. this is because when the demand of the commodity increases, the supply will go high and vice versa.

Mohammed  Ashraf
by Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group

There are several wonderful answers herein already from great professionals, nothing to add

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