Supply is an economic concept that connects to the number of an item and demand concerns a consumer’s interest. Supply is directly linked to demand in that they influence one another. If you have a high demand, then the supply will be low and expensive. If you have a large supply, and the demand is low the item will be cheap or become really cheap. An example of demand would be people lining up to buy the new iPhone 6s. In this example, supply may not meet demand and the item’s price could rise. Supply and demand are constantly in flux, but will always have a large effect on one another.
Topic Sentence: Supply is an economic concept that connects to the number of an item and demand concerns a consumer’s interest. Supply is directly linked to demand in that they influence one another. ________ influences _______ by _____________. The effect __________ has on __________ is __________.
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