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Supply and Demand
Supply and Demand
Supply and Demand
Supply and Demand Trends
Directions: Read each situation and create the trend on the graph.
A new store owner has an excess of greeting cards that he needs to sell to make a
profit. At the price of $5, he has only sold one. Then, he lowers the prices to $4.50 which
causes 4 people to buy a greeting card. Then, he lowers the price to $4. Now, he has
sold 6 at this price. What would the trend look like if he continues to lower the price?
The same store owner has customers interested in the last few coffee mugs in his store.
The initial price of the mugs was $6. He sold 3 at $6 dollars each. As interest grew, he
slowly raised the price to $12 per coffee mug. What would the trend look like as he
raises the price?
Create your own trend!