A Supply and Demand Worksheet is a critical part of a business class. Students must know how to write a scenario based on these determinants. It is best to use examples that are original, so students can be creative. The following examples will show how to write a scenario using a Supply and Demand Worksheet. The following sections will help students create a scenario. The first part of the activity consists of listing the determinants of demand.
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First, complete a Supply and Demand Worksheet. It is important to remember that the quantity demanded is the amount of something in the market at a particular price. Hence, if a certain price is higher than the demand for that product is higher, it will lead to more production and a decrease in demand. The reverse of this is true for the opposite. In the following section, students will draw the Supply and the Distribution Curve.
The second part of the worksheet requires students to plot the quantities on a graph. For example, if an item costs $80, then the supply is higher than the demand. If the price drops to $10, then the supply will be higher than the demand. The third part of the worksheet involves plotting the quantities on the graph. Clearly label each quantity as a different color. Finally, the intersection of the supply and demand lines will represent the value of the item.
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The last part of the worksheet requires students to create a demand and supply chart for a specific item. To do this, students should collect data from a survey of juniors and seniors. These students were asked to indicate how many hours they would work for different hourly rates. To make this graph, they must draw a demand and supply curve for each price level. A student should then compare the amount of hours they would be willing to work for a particular price.
A supply and demand graph show that the price of a particular item will determine the value of that product. For instance, if the price is $10 and a seller is selling it for $80, then the buyer will pay a higher price for the same item. A similar graph will show the value at $20. Likewise, a supply and demand line will be lower for a $10 item. A similar graph will show a higher value at $100 and a lower value at $10.
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A supply and demand graph show the relationship between price and quantity. The demand of a specific item is lower at a lower price. This is called the supply curve. The blue line represents the supply curve. Prices and quantities will be different at these prices. If the supply curve meets the demand curve, the value of the item will be higher. For the same reason, a high price may indicate a low cost. A low one will indicate a lower-priced item.
A supply and demand graph should show the price and quantity of a product. If a product costs $80, the demand is lower at $10. A high price, however, increases the supply curve. A low price will reduce the value of a product. Similarly, a high-priced item can affect the prices of other products. Likewise, a low-priced item will increase the value of a commodity.
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A supply schedule shows the results of a survey of seniors and juniors. The students indicated how many hours they would be willing to work at different prices. A supply curve is formed when two lines intersect. A low-priced item will have lower demand than a high-priced one. If a high-priced item is more profitable, the higher-priced item will increase the value of the product.
A supply schedule shows the results of a survey of juniors and seniors. These students indicated the number of hours they would be willing to work for different prices. After the survey, they should draw a supply curve based on this information. In this example, a 20-hourly rate would mean that students are willing to work for a lower price. The demand curve would shift in the opposite direction for a higher price.
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