Using a Change in Supply And/or Demand,explain the Following Phenomena

question 60

Essay

Using a change in supply and/or demand,explain the following phenomena:
a.All else constant,gasoline prices are higher in summer than winter months.
b.At the same time that the quality of personal computers has been increasing,the price of personal computers has been falling.

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Definitions:

Naum Gabo's Column

An artistic sculpture by Naum Gabo, a pioneer of constructivism, known for its use of abstract geometric forms in representing thematic concepts.

Constructivist

Constructivism is an artistic and architectural philosophy that originated in Russia in the early 20th century, emphasizing abstract, geometric forms and the use of modern materials to reflect modern social functions and values.

Sculptural Style

The distinct manner or technique in which sculptures are fashioned, often indicative of a specific period, culture, or artist.

Readymades

Artistic works created by selecting and designating ordinary, manufactured objects as art, a concept most associated with Marcel Duchamp.