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A mini-book by
Supply and Demand
It’s the day after Valentine’s Day. The demand for candy
goes:
It’s the week before school starts. The demand for school supplies goes:
It’s Spring and stores just put out their summer clothes. The supply of shorts goes:
When demand gets too
and supply get too
,
can occur.
Production and Consumption
A farmer is a producer because
he
Them man visiting the fruit stand is
a consumer because he
A farmer is also a consumer because he has to buy things like
The relationship between the producer and consumer is interdependent because
Price and Incentives
Price at store, $0.40 each.
Price at store, $1.25 each.
How much would it cost for six
yogurts without the coupon?
$
How much would it cost for three
meal helpers without the
$
coupon?
How much do six yogurts cost with
the coupon?
How much do three meal helpers cost
with the coupon?
$
$
Why do manufacturers want you to use the coupon and save money?
By offering the coupon consumers will choose and pay for their product, therefore not
choosing some else’s product. If the consumer likes it they may buy again, even without a
coupon.
Do you think people are more apt to buy multiple quantities of things if they have a coupon?
YES
NO
Sales and Profit
You are an entrepreneur and have decided to set up a
lemonade stand on a hot summer day. Although it’s
fun just to have a lemonade stand, you also want to
make a profit.
Fill in the chart below:
Loss (-) or
Price per Number of Amount of
cup
cups sold money made profit (+)
amount
Expenses: What do you
have to pay for to set up
your stand?
Lemonade ingredients: $7.00
Plastic cups: $5.00
Supplies for signs: $3.00
That’s a total of $ 15.00
25 ¢
55
$13.75
$
50 ¢
30
$15.00
$
75 ¢
25
$18.75
$
$1.00
10
$10.00
$
profits are green and losses are red.