Economics Project Comparing Prices Group members Jasmine Lam20

Economics Project - Comparing Prices Group members: Jasmine Lam(20) Emily Maio(30) Vivien Mo(33) Cheryl So(36)

Introduction Aim Compare the price of moon cakes before and after Mid-autumn Festival Brand Maxim’s & Kee Wah Bakery Type of moon cake White Lotus Seed Paste with Double Egg Yolks

Maxim’s Original price Credit card discount Exhibition discount Before Mid. Autumn Festival $263 $157 2 Days After Mid. Autumn Festival $178 $154. 9 / 5 Days After Mid. Autumn Festival No more moon cakes for sale

Kee Wah Bakery Before Mid. Autumn Festival Original price Credit card discount Exhibition discount $218 $174. 4 / / / 2 Days After Mid$20 per Autumn Festival moon cake 5 Days After Mid. Autumn Festival No more moon cakes for sale

Selling methods and channels Credit card discount Moon cakes vouchers Advertisements Buy one box of moon cakes get coupons free

Credit card discount 38% discount HSBC credit card Maxim’s moon cakes 20% discount Standard Chartered Kee Wah Bakery’s moon cakes

Moon cakes vouchers

Advertisements

Reasons lead to price difference As Mid-Autumn Festival is coming and people usually will buy moon cakes to celebrate the festival in tradition As there are many DEMAND, DEMAND so there must be more SUPPLY to satisfy what we need and what we desire Before Mid-Autumn Festival, the price of the moon cakes are higher In order to attract more people to buy moon cakes, the companies offer discounts

Reasons lead to price difference However, after the Mid-Autumn Festival, the demand of customers decrease, so the price decrease, there is even no moon cakes for sale a few days after Mid-Autumn Festival Demand Supply