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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 2 Term paper 1

Week 2 Term paper 1

Q For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions: 1. What factors influence the demand for this product? What factors influence the supply of this product? 2.How have these changes in supply and demand affected the equilibrium price of this product? 3.Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes? Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.

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For this term paper I would be choosing organic soaps which are used in daily lives. In the recent years the demand for organic soaps which are chemical free and is good for the skin(Gaille, 2019). These days not just women but men also have become conscious of their skincare regime and organic soap market has seen a rise in the recent years with a projected high growth rate in the upcoming years as well(Gaille, 2019). The global organic soap market has a market segmentation on the basis of form, location and the distribution channel (Gaille, 2019). It can be either in the liquid form or the bar soap form.