1. Describe a time when something you or your family wanted was affected by supply and demand.
A time when my family was in that sort of situation was when my mum wanted to buy a fancy cheese and it was on special so she bought it for a fraction of the price. 2. Often, the effects of supply and demand show up in the news. Check your local paper, Internet news sources, or a television newscast for evidence of supply and demand at work. 3. What are some of the ways that advertisers try to increase the demand for a product?
A way that advertisers try to increase the demand for a product is by using famous people to increase the interest and also lowering the price which increases the want for the product.
Angels Supply and Demand
Follow- up Questions:1. Describe a time when something you or your family wanted was affected by supply and
demand.
A time when my family was in that sort of situation was when my mum wanted to buy a fancy cheese and it was on special so she bought it for a fraction of the price.
2. Often, the effects of supply and demand show up in the news. Check your local paper,
Internet news sources, or a television newscast for evidence of supply and demand at
work.
3. What are some of the ways that advertisers try to increase the demand for a product?
A way that advertisers try to increase the demand for a product is by using famous people to increase the interest and also lowering the price which increases the want for the product.