Project Report on Demand and Supply of Boilers

SYNOPSIS

TOPIC/TITLE
A study on demand and supply of Turnkey Project of Prabhu Industries.

INTRODUCTION
Prabhu Industries is an Indian incorporated company, specializing in providing construction, fabrication and erection of water, oil, air, steam facilities for process industries.

DEMAND & SUPPLY
Demand and supply is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers (at current price) will equal the quantity supplied by producers (at current price), resulting in an economic equilibrium of price and quantity.

The four basic laws of supply and demand are:

➢ If demand increases and supply remains unchanged, then it leads to higher equilibrium price and quantity. ➢ If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and quantity. ➢ If supply increases and demand remains unchanged, then it leads to lower equilibrium price and higher quantity. ➢ If supply decreases and demand remains unchanged, then it leads to higher price and lower quantity.

GRAPHICAL REPRESENTATION OF DEMAND & SUPPLY
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The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a positive shift in demand from D1 to D2, resulting in an increase in price (P) and quantity sold (Q) of the product.

DEMAND SCHEDULE
A demand schedule, depicted graphically as the demand curve, represents the amount of some good that buyers are willing and able to purchase at various prices, assuming all determinants of demand other than the price of the good in question, such as income, tastes and