Essays /

Canabis Supplhigh And Demand Essay

Essay preview

Canabis: SupplHigh and Demand
David McBride
Keiser University

Cannabis: SupplHigh and Demand

Shifts in Supply and Demand
In every market there is a supply and a demand. Supply and demand is possibly one of the most essential concepts in economics and is the backbone of the market economy. This is the determining factor in which determines the price and amount supplied of any type of merchandise or service that gets provided by the merchant. I was able to locate one article that will show the changes of supply and demand curve which affects all of those who are involved. This also demonstrates how it can benefit one side and then harm another. Would you have ever thought that a high demand product would get purchased at the retail stores desired price rather than the supplier’s? Well that’s the case with cannabis or as we commonly name it marijuana. The pot farmers have so much supply on hand that they are selling the product at the prices the retailers are willing to pay and they still can’t get ri...

Read more


/news/article/washingtons-pot-supply-is-driving-down-price/ /us/2015/01/16/washington-state-growers-struggling-to-sell-legal-marijuana/ 000 1 110 12 15 16 180 2 20 200 2014 2015 30 31 334 700 800 abl abrupt abund accord adjust affect ago allow almost also although amount anoth approxim around articl b backbon bad becam beg benefit better big black black-market board brag brand bud buy buyer c call canabi cannabi case caus chang charg choic coaster come comfort common compet concept consum contributor control correct could crop curv custom data david day decreas degre deliv demand demonstr desir determin display door downward drive due eastern econom economi els email enough essenti ever everi excess expect fact factor farmer fast februari felt fill first forc g get good gram graph grow grower grown hand happen hard harm harvest help high higher howev huge hurt improv indic industri involv januari job johnson juli jump keep keiser larg last lead left legal lesser letter licens like limit liquor littl locat long longer lower loyalti made make marijuana market matter mayb mcbride merchandis merchant month move much name need new number obvious one open outdoor outward part pay per perfect plenti posit possibl pot pound price produc product provid purchas rate rather ratio receiv recent refer respond retail retriev rid roller run seat see sell servic sever shelv shift shop shot show side simpli sit situat small someth start state steep still store struggl suggest summer supplhigh suppli supplier surpass surplus though thought thus time turn type uncertainti univers upper want washington weather well wholesal will wilson worth would yet