Date:April 22, 2013

Supply and Demand: Competing for Customers

Businesses want to sell things that consumers want to buy. For example, at a donut shop, the owner has probably figured out which donut people like the most. He will be sure  to have these donuts in stock so that he has enough to sell and make money. Determining what items to sell and what it should cost has a lot to do with supply and demand.

  • At the end of the lesson you will be able to…
  • Determine prices of candy based on the supply, demand, and production cost.
  • Define supply and demand.
  • Translate between table, graph and equation representations for supply and demand data