Реферат: Supply And Demand Essay Research Paper Economics

is willing to pay that extra $6 an hour for the piece of mind they get when they

go out and know that their children are being attending to in the best possible

way, much like a consumer is willing to by name brand products for a higher

price because they just "feel" like its better. In the next two or

three years the work force of the babysitters will grow, and so will the number

of people under the age of 10, this will show a steady PPC with no signs of

relief for the consumer. This article shows the power of supply and demand. 20

years ago when children under the age of 10 and baby sitters age 10-19 were both

fewer, we saw more competition between the baby sitters resulting in price

decreases. Today with fewer baby sitters, all with busy scheduals, and more

young children we see the damand increase resulting in an increase of price.