REPUBLIC OF THE PHILIPPINES

University of Rizal System

Tanay, Rizal
TANAY Campus
S.Y. 2016-17

PRICE MONITORING OF BASIC GOODS

In Partial Fulfillment of the Subject

Economics 1 (Principles of Economics)

Submitted to:
Dr. Flordeliza R Pearanda
Subject Teacher

Submitted by:
Joan B Piscasio
BSOA-4
Objective:

1. To compare and analyze how the supply, demand and price of basic goods such

as; carrots, cabbage, chayote and Baguio beans moves (upward, downward,

inward or forward) in the market.

Conclusion:

The purchase of goods depends upon the demand of the customers to a

particular product and the different season. According to the gathered data, the pick

season during regular days which the vendors sold more products is during Sundays

(family day), because of our tradition that during Sunday, the family should go to church

together and then go to the market to buy food for lunch. This implies that they would

have an additional quantity of goods that would fit to the family needs.

We therefore conclude that there is a fair market competition because the

retailers price does not have a very high cost difference with the purchase cost.

Table 1 shows the weekly total sales, purchase cost, and retailers price of per

kilogram of carrots.

Table 1
Weekly Total Sales, Purchase Cost and Retailers Price of Carrots

Weekly Total Sales (in Retailers

Purchase Cost
Respondents kilogram) Price (per
(per kilogram)
Week 1 Week 2 kilogram)
Vendor 1 10 kg 10 kg 80 90
Vendor 2 10 kg 10 kg 80 90
Vendor 3 15 kg 15 kg 90 100
Vendor 4 15 kg 15 kg 100 120
Vendor 5 15 kg 15 kg 100 140
 The table above shows that the different store owners purchased carrots every

week with the same kilograms. According to the gathered information through interview

with the store owners, the prices differ according to the season/ weather, stocks,

delivery purchase cost. The table above shows that carrots are constantly high cost,

because of the rareness of the product in our place.

Table 2 shows the weekly total sales, purchase cost, and retailers price of per

kilogram of cabbage.

Table 2
Weekly Total Sales, Purchase Cost and Retailers Price of Cabbage

Weekly Total Sales (in

Retailers
Respondents kilogram) Purchase Cost
Price
Week 1 Week 2
Vendor 1 20 kg 20 kg 60 70
Vendor 2 15 kg 15 kg 60 70
Vendor 3 30 kg 30 kg 40 50
Vendor 4 20 kg 20 kg 60 70
Vendor 5 20 kg 20 kg 70 90

The table above shows that the different store owners purchased cabbage every

week with the same kilograms. According to the gathered information through interview

with the store owners, the prices differ according to the season/ weather, stocks,

delivery purchase cost, just like the other products. Their pick season is during

Sundays, which implies that the customers here in Sampaloc loved to eat Nilaga during

family day and due to the cool climate that we have.

 Table 3 shows the weekly total sales, purchase cost, and retailers price of per

kilogram of Baguio beans.

Table 3
Weekly Total Sales, Purchase Cost and Retailers Price of Baguio Beans

Weekly Total Sales (in

Retailers
Respondents kilogram) Purchase Cost
Price
Week 1 Week 2
Vendor 1 10 kg 10 kg 50 60
Vendor 2 10 kg 10 kg 100 140
Vendor 3 10 kg 10 kg 70 80
Vendor 4 10 kg 10 kg 60 80
Vendor 5 10 kg 10 kg 100 120

The table above shows that the different store owners purchased Baguio beans

every week with the same kilograms. According to the gathered information through

interview with the store owners, the prices differ according to the season/ weather,

stocks, delivery purchase cost, just like the other products. Baguio beans are most

commonly sold during special occasions such as; Christmas season, New Year and

town fiesta.

*Baguio beans are common ingredients of different recipes of pancit.

 Table 4 shows the weekly total sales, purchase cost, and retailers price of per

kilogram of chayote.

Table 4
Weekly Total Sales, Purchase Cost and Retailers Price of Chayote

Weekly Total Sales (in

Retailers
Respondents kilogram) Purchase Cost
Price
Week 1 Week 2
Vendor 1 10 kg 10 kg 20 26
Vendor 2 15 kg 10 kg 20 25
Vendor 3 8 kg 10 kg 25 30
Vendor 4 12 kg 10 kg 25 30
Vendor 5 10 kg 10 kg 20 30

The table above shows that the different store owners purchased chayote every

week with different kilograms. According to the gathered information through interview

with the store owners, the prices differ according to the season/ weather, stocks,

delivery purchase cost, just like the other products. If the demand of chayote increases

in a particular week, they will definitely increase the purchase per kilogram the next

week.