Lightbulbs in Today’s Market. Business & Marketing Research Paper (Research Paper Sample)
Discuss Factors affecting Demand and Supply of LIGHT-BULBS. The paper discusses the current market trends of LIGHT BULBS and what influences the trends.
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Lightbulbs in Today’s Market
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Lightbulbs in Today’s Market
Over time, trends in the demand and supply of light bulbs have changed significantly. Traditionally, lightbulbs were leading examples of price elasticity’s influences on demand and supply. However, shifts in technology and other factors have seen changes in the way lightbulbs are manufactured, distributed, and purchased. The lightbulbs industry has witnessed differentiated growth with increased product diversification. Today, Garcia (2017) explains that different types of bulbs that obviously come with different prices exist in the market. Examples of these include Incandescent Bulbs, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), Halogen Lamps, and Light Emitting Diode (LED).
Factors affecting Demand and Supply of Lightbulbs
The demand for light bulbs is influenced by a number of factors.
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