10.6.2018

Supply and Demand

This week we did 2 more simulations talking about supply and demand.Supply is how much you have of objects or services and demand is how many people want your product or service.

This means that when the

demand is high but the

supply is low then you will

raise the price, however if

the opposite is true then

lower the prices.

We also learned about profit and loss.Profit is how much you earn subtract what you spend.If the amount spent is more than the amount earned this is a loss.

I earned 92 Waks and spent 0 meaning I earned a profit of 92 Waks.

MONSTER BINS