Purchase Solution

ebay Supply and Demand

Not what you're looking for?

Ask Custom Question

Go to the internet auction site eBay at www.ebay.com and select the category Jewelry and Watches, followed by Loose Diamonds and Gemstones, and then Diamonds, Natural. How many natural diamonds are for sale at the moment? Note the wide array of sizes and prices of the diamonds. In what sense is there competition among the sellers in this market? How does that competition influence prices? In what sense is there competition among buyers? How does that competition influence prices?

Purchase this Solution
Solution Summary

This solution gives a model answer to a case study about the price and availability of gemstones on eBay. The data were collected on February 4, 2013.

Solution Preview

At 10:00 pm on Feb 4, 2013:

> How many natural diamonds are for sale at the moment?

167,908

> Note the wide array of sizes and prices of the diamonds. In what sense is there competition among the sellers in this market?

There are a large number of sellers, the product is ...

Purchase this Solution
Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Prices on eBay

    eBay works on the idea of a free market enterprise. That is prices are determined by supply and demand. eBay sellers determine the initial price that they would be willing to accept for the sale of their product.

  • Free Market Pricing in the US

    As you can see, we have a free market economy, and that same pair of shoes never changed, but the price swung wildly based on factors like supply and demand.

  • eBusiness Web sites

    STEP 1 The conversion of eBay, Amazon, and Barnes & Noble from a brick and mortar company to a internet business was done by some changes in the supply chain: 1.

  • 4 barriers to entry and competitive advantage

    This posting looks at 4 elements: Economies of scale, Capital investment, Access to supply and demand channels and Learning curve and explains how it is related to barriers to entry, and how it can give a firm a competitive advantage.

  • e-business model

    supply.

  • Auctions

    Also, when you use auctions you are creating a demand/supply driven marketplace of limited size. Unless you are a giant, like EBay, then the size of the marketplace becomes a big factor.

  • Worldwide supply chain

    In 2006, eBay withdrew from China. My suggestion to companies is to study the culture. It may be necessary for executives to live in the country and experience life in the country for a few years while expanding the supply chain.

  • Explaining why Ebay is so Successful

    Internet businesses, like traditional brick and mortar establishments, can only be successful when they provide something that is in demand, either for consumers, businesses or both. eBay has been successful, due to the business model it uses.

  • Organizational Structures: eBay, Amazon & Overstock

    Describe, compare and contrast the organizational structures of eBay, Amazon.com and Overstock.com Organization Structure of eBay: eBay organization structure includes 10 directors, 4 presidents for four different operations of eBay and 6 senior

View More Related Solutions