Writing Question

 

Instructions for the 10 personal Supply & Demand problems you will make up to save $10K over your life time.

Find the price of 10 goods or services available on the internet.

Think about what conditions are needed to change a supply or demand basic determinant that would lower the price of each of the 10 goods or services. For example: buying a car in the winter may decrease the number buyers; A consumer’s disposable income may be lower immediately after Christmas-reducing the ability to spend; Inventory costs may increase for a car dealer during the winter (e.g. shoveling snow off of cars, etc.).

Assume that each basic determinant change results in a saving of approximately 10% so you would fill in the summary.

Examine real world conditions for 10 products or services and show the steps and graphs.