Supply and Demand<br />
What is Supply and Demand<br />Demand- When the consumer is willing to buy a product for the good and service<br />Supply-...
Supply and Demand affect prices on a regular basis when consumers are buying a product rapidly the price will increase, as...
Wants or Needs <br />Cereal (18 oz bag): Want- in 1999 it was $1.20, in 2008 it was $3.50 and in 2009 $3.99<br />Kellogg<b...
Bread (reg.): need-  in 1999 was $.95 in 2008 was $1.05 and in 2009 $1.09<br />Franz<br />Sarah Lee<br />Wheat Montana<br ...
Eggs (by the dozen): need- 1999 was $.50, in 2008 $1.20 and in 2009 $1.99<br />Generic Brands<br />Organic Eggs<br />Eggla...
			Quantity <br />If the quantity of the item were to double, and the supply and demand were to rise with the amount of pr...
By: <br />Connie Allsop <br />Cassity Patterson <br />Kristen Partridge <br />Maria Ramsey <br />
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Supply & Demand

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Connie, Cassity, Kristen, Maria

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Supply & Demand

  1. 1. Supply and Demand<br />
  2. 2. What is Supply and Demand<br />Demand- When the consumer is willing to buy a product for the good and service<br />Supply- When the amount of the product is available and what the businesses are willing to provide<br />Supply and Demand- An economic system in which an economy can fail or thrive, depending upon the products and services available for consumption. <br />
  3. 3. Supply and Demand affect prices on a regular basis when consumers are buying a product rapidly the price will increase, as the same in reverse. <br />
  4. 4. Wants or Needs <br />Cereal (18 oz bag): Want- in 1999 it was $1.20, in 2008 it was $3.50 and in 2009 $3.99<br />Kellogg<br />General Mills <br />Misc. Brand<br />Would you buy Cereal in a Recession/Depression?<br />
  5. 5. Bread (reg.): need- in 1999 was $.95 in 2008 was $1.05 and in 2009 $1.09<br />Franz<br />Sarah Lee<br />Wheat Montana<br />Generic brands <br />Would you buy bread in a Recession/Depression? <br />
  6. 6. Eggs (by the dozen): need- 1999 was $.50, in 2008 $1.20 and in 2009 $1.99<br />Generic Brands<br />Organic Eggs<br />Egglands Best<br />Would you buy eggs in a Recession/Depression? <br />
  7. 7. Quantity <br />If the quantity of the item were to double, and the supply and demand were to rise with the amount of production the price would boost. And Vice Versa. <br />
  8. 8. By: <br />Connie Allsop <br />Cassity Patterson <br />Kristen Partridge <br />Maria Ramsey <br />
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