Supply and Demand
Updated: 1/22/2020
Supply and Demand
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Storyboard Text

  • John lives in the city and he owns a magazine stand. Everyday he wakes up early to try to sell to people going to work.
  • John decides to buy some copies of a brand new cooking magazine. To start off he sets the price of it to $1.
  • New Cooking Magazine only $1
  • New Cooking Magazine only $1
  • Immediately this new magazine starts to sell, with a couple of people looking to buy it. 
  • John wants to try and increase the sales that he has so the next day he runs a buy one get one free promotion.
  • Buy ONE magazine get ONE free!
  • Right away John sees an increase in sales, and he gets even more customers than the first day. He notices that this new cooking magazine seems to be getting more popular.
  • Buy ONE magazine get ONE free!
  • The next day John raises the price of the cooking magazine to $2 due to the high demand of it. By the end of the day he sold out of all of these magazines, with people lining up to buy it all day.
  • New Cooking Magazine only $2!
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