Question

Suppose you observe a rise in the quantity of condominiums bought and sold and a rise in the price of condominiums. What can you conclude about the in the demand and supply curves? Explain your answer. (200+ words)​

Answer 1

Explanation:

The shareholder of Al-Karam wants to maximize his profits by selling his goods in the larger quantities. In order to achieve his target (s) he hired a manager to look after his business. However, the manager instead of maximizing business profits started maximizing his own interest by selling the designs in black to the competitor’s designers. Analyze the above situation and explain the possible problem that might occur for Al-Karam.