Supply & Demand

L.I: What is Supply & Demand

For Supply and demand we did a slide show on it and played a game about it. Supply mean when you make or get something wanted or needed to sell. Demand means a request or command made by someone. We also did Price, Quantity and Equilibrium. Price means the amount of money required or given payment for something. Quantity means the amount of a supply and Equilibrium means a condition in where opposite influences and equal.

For the game we had an item. We had choose the number of stocks to sell. We had to give a price between 2-5-10 dollars. 2 dollar is 20 number dice, 5 dollar is 10 number dice and 10 is a 6 number dice.  We roll the dice whatever it lands on is the amount of stock sell. Whatever the remaining is we subtract it with the money. The result is the money we have. The remaining stocks is the how much money we made.