STUDY OF A MARKET MODEL WITH A FIXED DEMAND LINE
Abstract
In general, the market mechanism is influenced by many factors: tastes and preferences of consumers, interests of sellers, competition between sellers, level of market monopolization, state legislation, seasonal changes. Part is random. All these factors cannot be taken into account. Consider the market mechanism from the point of view of a seller who sells one product. The seller decides what price to set, how much product to offer to consumers. As a result, having sold the product at a favorable price, he can get a bigger profit, or, on the contrary, remain with the unsold product and incur losses. It is obvious that three cases are possible: a shortage of the product, a surplus of the product, and an equilibrium state. For market research, we use such an approach as simulation modeling. The use of simulation models is of great importance for the analysis of economic systems.
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