Question

About 10 years ago, the POM Pomegranate Juice brand was created by a middle-aged couple in Nebraska. Theyâre business started small and then began to skyrocket after news spread of how yummy pomegranate juice is and also, how healthy is it (more antioxidants than any other juice out there!) Now, brands such as Nantucket Nectars, Ocean Spray, Minute Maid, and more have created their own pomegranate mixtures.
Required:
What has happened to the supply of pomegranate beverages as a result?

Answer 1

Answer:

OM Pomegranate Juice

The supply of pomegranate beverages has risen above demand, thereby causing market glut.

Explanation:

With many suppliers of pomegranate beverages, the quantity being supplied will outstrip demand.  The immediate result is a glut in the market.  This will lead to producing at less than full capacity as individual producers make efforts to sell their inventories.  Workers may need to be laid off in order to meet the resulting economic situation.