Supply & Demand

LI: to learn Supply and Demand
Supply is how much there is available of the product. If the supplies price increases the company will make or build more of the product for the people. Demand is how much of the product people want. If the price increases, not as much people want it. Our task was to make a slide explaning Supply and Demand. We then played a game which was called "I Supply, You Demand". Basically we were a company and we had to make money by picking an amount of stock and choosing the price of the product.