Question

Describe a product, and then give an example of a time when the demand for this product might be high and the demand for this product might be low.

Answer 1

What kind of product would you need in particular

Answer 2

A great product to be used an as example would be fuel based cars. Back in 2000, there was a demand for these types of cars. However, after the so-called terrorism attacks on the nation, the demand for fuel based cars have declined. The direct impact of these terrorist attacks have influenced international trade, which has caused oil prices to skyrocket. Of course, the higher the oil prices, the less likely people will drive their cars around. Also, the less likely people will buy fuel-based cars to drive around in. Therefore, what was a high demand for fuel-based cars, is now a low demand for fuel-based cars.