Supply and Demand Essay example
1735 Words7 Pages
Different market decisions determine how an economy is run. There are several different factors that account for how markets make their decisions, which determines how they function. The theory of markets mostly depends on supply and demand. However, it is key to note that there is a difference in demand/supply and quantity demanded/supplied. A demand is how much the buyer plans to purchase at various markets prices and the quantity demanded is what the buyer actually purchases at a particular price. Supply is the producer or the seller’s plan of the amount the seller will make available at different market prices and the quantity supplied is the actual amount that the seller makes available at a particular market price. It is important to…show more content…
This article describes how and why there has been an increase in demand even though there are ethical issues. The article states, “‘People want it. It’s legal,’ said Dr. Michael Feinman, medical director of HRC Fertility offices in Westlake Village and Encino. ‘In a competitive market, it’s obviously a way to acquire other patients’” (“Lab Methods”).
This is a perfect example of a change in demand; when the demand increases, at the same or even a higher price, more quantity is demanded. In the figure below, a shift to the right in the demand curve signifies an increase in demand.
There are several factors that cause changes in demand, such as consumer tastes and preferences, consumer income, consumer expectations, prices of other related products, and the number of buyers or consumers. In the example of people wanting to pick the gender of their children, the increase in the demand curve can be attributed to a change in consumer tastes and preferences as well as the number of buyers. From the article, there has been in increase the amount of people who want to balance their families and pick the gender of their child. This illustrates the concept of an increase in consumer tastes, ultimately causing a shift in demand. The article also states that the number of people interested in picking the gender of their chills has increased, signifying a rise in the number of buyers. This
Students who buy essays online are being ripped off, according to a report published this week by exam regulator Ofqual. The work they purchase is written by “relatively competent writers”, but who have an “almost universal ignorance of the scope of the work” and an “utter lack of in-depth analysis”. This is completely true. I worked for two of these companies, both from home and “in-house”, which at one point saw 15 of us crammed into the boss’s attic.
Ofqual’s researchers paid up to £220 for essays, but only a fraction of that money goes to the actual writer, who can earn as little as £24 for every 1,000 words. To earn a reasonable rate, a writer needs to finish at least an essay a day. Writers quickly learn the first rule of paid essays: abandon all aspirations to quality, right now.
Despite the fees, the companies contend that they don’t produce “essays” to be handed in at all. Clients buy “research guides” to inspire their own work, in the same way that your Amsterdam souvenirs say “For Tobacco Use Only” on them. But it covers the company: if you hand in your “2:1 Guaranteed” essay and it gets a 2:2, you have already breached your contract by submitting it. There is nothing you can do.
That means for the writer, the game is to hit the word count as quickly as possible. As long as it looks like an essay, the actual words matter very little. Take every shortcut. Rephrase Wikipedia. Always give the counterpoint, no matter how weak: the words “on the other hand” are your new best friend. If you don’t have time to check citations, make them up! If the client can’t be bothered to read a book, he’s not going to check your page numbers.
Quality-checking would vary. One company hired full-time quality staff, but it’s hard to cover every subject area in every discipline, so “quality checks” were rarely more than proofreads. At another company, if you could write on one subject, this qualified you to write on anything. A law graduate would end up doing revision notes on Chinese political history, eventually writing a PhD proposal for an economics student and wondering how they got there. I once wrote a Market Research BA dissertation in two days and heard nothing more of it.
The motivations of the writers were purely mercenary, though those in charge were forced into creative moral gymnastics. “We’re making up for universities’ failings,” they’d say. “These students pay so much for so little. We give them handy research guides.” Writing essays to land rich students no-effort degrees was, to them, a sure route to social justice.