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hanges in demand - baby diapers and retirement villages. Other things equal, an increase in the number of buyers for a product or service will...
hanges in demand - baby diapers and retirement villages. Other things equal, an increase in the number of buyers for a product or service will increase demand. Baby diapers and retirement villages are two products designed for different population groups. The U.S. Census Bureau web site, http://www.census.gov/ipc/www/idb/pyramids.html, provides population pyramids (graphs that show the distribution of population by age and sex) for countries for the current year, 2025, and 2050. View the population pyramids for Mexico, Japan, and the United States (select the country and year then submit. Click on Population Pyramid). Which country do you think will have the greatest percentage increase in demand for baby diapers in the year 2050? For retirement villages? Which country do you think will have the greatest absolute increase in demand for baby diapers? For retirement villages?
