We have looked at how certain events can cause a change in demand, and therefore a change in price. If demand rises, the price will rise to maximize profit. However if something happens that causes the demand to drop, then the price will drop to maximize what demand there is.
In your post, please write a scenario that you have created that could cause something to change demand. For example, The increase in the price of the production of denim would cause what? The increase of the price of denim would cause the cost of jeans to increase, and then causing the demand to decrease. Only put the scenario in your post, not what happens to demand and price.
THEN, you should reply to 2 other posts from others in your class, and explain what you think will happen to the demand and price in a comment to the post.
This is due Friday before the Pep rally in seminar.
Trey,
ReplyDeleteLebron James and his team win the NBA Finals for the second time in a row for the previous 2 years while wearing the Nike Zoom Soldier VII's
The demand will go up, and the price will also go up, because a famous basketball player is wearing them, and everyone else will want to wear them too.
DeleteMelissa
Melissa
DeleteEvery girl in your school wears nike shorts, but then the school decides to ban those shorts because they are too short.
The damand for the shorts will go down along with the price that will also go down, you will only be able to wear them outside of school.
DeleteTrey
the demand would go up and so would the price because everyone would want to have them.
DeleteFreddie's is the one above
Deletethat one I did was about Trey's.
DeleteFreddie
for melissa's
DeleteThe demand would go down because they couldn't wear them as much, and the price would go down because they would have a lot more shorts to sell.
Freddie
The demand will go up and so will the price, because people will think that they are lucky, or they will help you play better when you wear them.
DeleteMady
The pit stop stops making cookies because they are unhealthy.
ReplyDeleteFreddie
The demand would go down, and the price would also go down, because no one could buy the cookies anymore.
DeleteMelissa
The demand and the price will go down, because you won't have the option to buy them or not.
DeleteMady
the demand will go down and the price will go down because there arent any cookies to buy and they wont even be selling them
DeleteTrey
The demand and price will go down, because the option to buy cookies is unavailable
DeleteAnnie
Summer starts and they come out with a new fan that is silent.
ReplyDeleteMady
The demand will go up as well as the price
DeleteChanse
The demand and price will go up because of the heat
DeleteAnnie
The demand goes up because of the weather and new technology
DeleteJessica
Winter starts and a tire company produces a new snow tire.
ReplyDeleteChanse
Summer starts it is hotter than normal and a new bathing suit comes out.
ReplyDeleteAnnie
The demand goes up and so does the price because people need bathing suits and like what is new.
DeleteJessica
Winter starts and it is colder than usual and a company produces a line of cute and warm coats
ReplyDeleteJessica