The demand curve shows us that as prices go up, the fewer people want a product or service, and as prices go down, the more people want it.
When computers were $5,000, there wasn’t a huge market for them. But as prices came down, people wanted more of them.
When gasoline went to $4.50 a gallon, people drove less and bought small fuel-efficient cars. Then oil went back down to $2.10, and people don’t care – “fill ‘er up!”
Solar panels are expensive still. But as the price goes down, more people want them.
The Demand Curve – as prices go down, demand goes up.
How has the demand curve been in action over time in your business?
I know there are many important businesses that influence our daily life but one that comes to my mind is a farming business. The reason is simple. I like and need to eat.
I like fresh local produce and fruits. I never reach for the frozen kind or pre-made foods at the stores because it really does not take long to clean and chop up some vegetables and make a healthy meal. The texture and taste is so much better compared to the frozen or canned variety. Also, it is more nutritious with no additives, preservatives, taste enhancers, and whatever other added ingredients the label mentions.
I love local organic produce. From roots to leafs you name it and I eat it. Raw or saute.
Roots – turnip cabbage, radishes, carrots, beets, onion, garlic – they are all very yummy
Leafy Greens – Kale, turnip cabbage greens, collard greens
Fruits – tomatoes, apples, grapes, peppers, cucumbers
My all time absolute favorite is fresh cut watermelon.
So curve or no curve, whoever grows vegetables I want you to know that I love your produce.