Supply, Demand and Market Equilibrium

Preparing the Report Prepare a 2-3 page report based on publicly available information.
The Company is Target (TGT)

Include the following sections:
A. Overview of the company Describe the lines of business (products and services) and an overview of financial position – ticker symbol, latest revenues, profits, and recent changes.
B. Elasticity Discussion Answer the following: 1. Is demand for your company’s product and/or services elastic or inelastic? Why? (Would the total quantity demand in the market decrease with an increase in price?). 2. Is the supply for the industry where your company operates elastic or inelastic? Why? (Would the total quantity supplied to the market increase with an increase in price?)
C. Cost Structure Discussion 1. Types of fixed costs 2. Types of variable costs 3. What is the difference between costs in the long run and between costs in the short run? 4. Is it possible for your company to operate at a loss in the short run? 5. Assess your company’s ability to adjust to changing market condition.

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