Wednesday, May 20, 2009


At school today Mr Woodcock showed us a movie about supply and demand. It was actually quite interesting and it taught me a lot. It showed us about how the manufacturer is able to rise the prices very easily and you the consumer are sucked into buying things just if a celebrity you like does and add for it! Prices vary on how good the supply is , how hard the thing is to get and how much demand there is for the item. When the supply and demand are equal it is called and equilibrium point

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