Sunday, August 03, 2008

Unit 1: Demand for Crocs

The Guardian reports that demand for Crocs shoes is falling

http://www.guardian.co.uk/business/2008/jul/26/retail.fashion

a) Use a demand diagram to show what has happened to demand for Crocs and use demand theory to explain why this has happened
b) What could the Crocs producers do to try and reverse this trend and increase demand again?

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