What effect will have on the demand for a product when that product becomes more fashionable?

Question

demand is not the same meaning as quantity demanded, so if product x becomes more fashionable how does it affect the demand for that product? so confusing.... pls help...

Answer 1

Sorry, but we're not going to do your work for you. But I will help you out by saying this.

Your question really comes down to this: How would you react as a consumer if a product you didn't really care much for suddenly became the must have item?

In other words, do you think consumers would say, "So what?". Or would they want to have it too?

Answer 2

what demand r u talking about then?

Answer 3

When X is fashionable, the demand of X will increased. If the supply constant, the price of X will increased (due to shortage of X - as too many people demanded X).

If X is something easy to make, other firms will make more bcos the price has increased. When more company are making X, the supply of X will increased, and the price of X will fall.

So, for fashionable items, normally the firms will not produce too much as they know the trend will pass very soon.

Fashionable item has to be produced quickly when it is on demand (when consumers still have the desire to buy it).

The demand for fashionable item will not last.

Answer 4

If customer preferences have changed toward certain product then demand curve will shift rightward - meaning that at any previous price will be more purchased.

Change in demand means shift of whole demand curve while change in quantity demanded means movement along demand curve (so curve doesn't shifts but supply is shifting thus changing equilibrium).