Supply & Demand
Moral: The car lot had a good SUPPLY of cars, but the DEMAND was not great enough to pay those prices.
The Junker had a lower price because it wasn't in high demand.
The Junker had a lower price because it wasn't in high demand.
Supplythe amount of goods or services available
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Demandthe amount of goods or services desired
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Figure It Out
Look at each store and discuss what you see. Answer the questions below each store.
1. What type of donut was in high demand today?
How do you know? |
2. What type of donut is in high supply?
Why? How do you know? |
3. Think of a few reasons why some donuts sold more than others.
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1. What flavor popsicle was in low demand today?
How do you know? |
2. What flavor popsicle now is in short supply?
Why? How do you know? |
3. Think of a few reasons why some of the popsicles are more popular than others.
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1. What do you notice about the customers at the Italian Restaurant?
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2. Why are the lines of customers uneven?
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3. What items seems to be in high demand?
How do you know? |