Posted: September 13th, 2017

Changes 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/population/projections/, shows population projections for the United States. View the population projections for the United States for the next few years (navigate to Summary Tables) Interpret which group is growing faster, children under the age of five or senior adults (65 and older)? Explain what products might see an increase in demand because of these population changes?