Eco Supply and Demand pt.1

Eco Supply and Demand pt.1

More Options: Make a Folding Card

Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • Discount TV's
  • Discount TV's  sells TV's and has a competitor TV Retail.
  • To increase the demand for TV's you have to lower the price.
  • TV's $99.99 Was $150.00
  • However if you lower the price too low you will run out of supply.
  • TV's $60.00 Out of stock
  • Say that TV Retail post a lower price they will sell more, that means Discount TV's has to lower their price. This goes back and forth but they need to make profit so there is a limit to how low they can go.
  • Discount TV's $30.00 TV Retail $35.00
  • However this low price means they sell out faster and people are buying. You can raise the price during this and people will still buy so you will get a larger profit for each TV sold
  • Discount TV's $85.00 TV Retail $80.00
  • Companies will then increase prices till they gain too much supply and have to lower the price to increase the demand. 
  • TV's $99.99 20 in stock
More Storyboards By jpatt818
Explore Our Articles and Examples

Try Our Other Websites!

Photos for Class   •   Quick Rubric   •   abcBABYart   •   Storyboard That's TPT Store