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