Hall, Ava Supply and Demand

Hall, Ava Supply and Demand

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  • We finally got this Awesome new candy that is really popular!
  • I'm really excited, we just got this new shipment of candy. But there is a problem.😒
  • Why is no one buying my candy?! Oh wait I know why, Joe is selling it for a lower price so that i can't compete with him. I have to lower my prices.
  • Candy Store owner Mark just bought tons of new candy that is really popular amongst all ages. 
  • Candy Store owner Joe just ordered the same candy as candy store owner Mark. He is nervous if his candy is going to sell so he dropped his candy so more people of all ages would come buy the candy because it was cheaper.  But he has another problem he can't lower the prices to mush or else he will not make a profit and will be in debt.
  • Joe is getting  all the business because he lowered the prices so that Mark couldn't compete with his prices. Then Mark dropped his prices to compete.
  • They both lowered their prices and got around the same number of customers.
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