Supply and Demand

(a)   is the amount of something there is.

is the consumer's want to buy the good

Based on our graph which category had the most interest?

• Sports

• Art

• Video Games

• Reading

Based on our class graph which category had the lowest amount interest?

• Sports

• Singing/dancing

• Art

• Video games

Based on our class interests what type of store should we create for our class?

• Video game store

• Art supply store

• Book store

• Sports store

What was our supply from our class store example?

• Mario cart games

• Paint brushes

• Hockey sticks

• Microphones

What was our demand in our class store example.

• People who voted for sports

• People who voted for video games

• People who voted for singing/dancing

• People who voted for reading

based on our class graph if there are 12 hockey sticks and everyone who voted wants to buy one are there enough hockey sticks for everyone who voted for sports

• Yes

• No

Why is there not enough hockey sticks?

• There is too much supply and not enough demand

• The supply is less than our demand

• The supply is greater than our demand

• The demand is less than the supply

If the supply is less than our demand what can we do to our prices?

• Raise them

• Lower them

• Keep them the same