Applied Economics-Using SAS Assignment Example | Topics and Well Written Essays - 1250 words - 1

Applied Economics-Using SAS - Assignment ExampleThe speculation of price mechanism is of significant role in the chapiter market as it determines the demand and supply in of various commodities. In this theory there are variables which help determine its applications. These variables are both self-sufficient and dependent. Just as the theory of supply there is a determinant of the supply which ranges depending on the demand.In planning for business based on this theory there is always seasons in which some products are in high demand than others. For example if we check the school products like books are in with child(p) demand during the time when students go to school, when we are planning for this case one needs to have these goods on store to prepare for the demand anticipated. The variables such as number of students in need of books and the quantity of books available, with this the books demand is dependent on the population of