MICRO-SOCIETY

SUPPLY AND DEMAND

WEEK 8

In the first lesson of micro-society this week, we learned about supply and demand. We discussed that if the supply is high, the demand is low. At that time, they wont make profit. But if your demand is high, but demand is low, you make profit but you dont have much things to sell. Then we discussed how profit and loss can affect our business. Then akshana said a little speech. After that we started a simulation and we had lots of fun.