Demand Stories 2021

Market: UK Holidays

January 2021: UK consumers are expected to have a surge in ‘staycations’, because they don’t want to risk travelling abroad in Summer 2021.

Explain what this will do to the demand for UK holidays (e.g. in Cornwall) in Summer 2021.

Apple made record sales in the run-up to Christmas, with $111bn in three months. This was due to higher demand for their products.

Explain, using a diagram, why demand was so high for Apple Products at the end of 2020.

Prices of houses in the UK, especially the South West, have gone up recently due to changes in demand.

Explain, using a diagram, why demand has changed for houses in the South West at any given price level.

Hello Fresh, an online food company, has seen demand for its services climb in the first part of 2021.

Explain, using a diagram, why demand has for this product has increased so much this year.