How Does Black Friday Affect Electronic Prices and the Economy?
Black Friday can be one of the most stressful experience that a person can go through in
the United States. They have to find gifts for their loved ones and make decorations for
family gatherings. Malls and retail stores are being flooded with people trying to buy
normal goods and luxurious goods. Black Friday is known for having sales on electronic
devices such as tablets, laptops, and phones.
Right around Black Friday, there is a huge peak in sales for many retail stores all around
the United States. There are a ton of shoppers going around looking for the right gifts for
their friends and family. Sales percentage goes up drastically from all the gifts and
electronics. The holidays brings out the competitive market. Many retail stores such as
Apple, Best Buy, and Fry’s Electronics are trying to make the most money for their stores
whether it is lowering their prices or having lots of sales. These retail stores are competing
with another trying to lure customers in. These sales are causing a surge of demand for
electronics such as tablets, laptops, and phones. The retail stores planned for these sales
knowing that people are more willing to buy it, which causes them to have more a supply
for it. Having sales at retail stores mean that they are more likely to sell more than the rest
of the year which increases their profit. The demand curve is going towards the right
