9 Business - Supply & Demand

Bill tomatoes have been wiped out by a storm. There is 10% of his crop left.

If demand for a product increases and supply doesn't change...

Jen sells soft drinks. One soft drink costs $5 but she doesn't sell many. What should she do to increase sales?

What is the sum of money paid for goods and services in a market

Demand is the quantity of goods and services that will be purchased in a market.

What is a place or situation where buyers and sellers interact for purposes of trade or exchange?

Bill grows tomatoes. He decides to double his crops for next season. This means he is increasing his supply.

Supply is the quantity of goods and services that will be purchased in a market.

If supply for a product increases and demand doesn't change...