Project: Supply and Demand Graphs
This project will focus on creating a supply and demand graph based on a product you choose.
During this project you will accomplish the following:
Objectives
CA supply and demand graph.
Directions
- Choose a product you are familiar with that would be affected by a market economy.
- Make up a title describing an event that would result in a change in supply. Some examples of factors that could affect supply are costs of production, technology, and taxes. Once you have a title, then create a graph that includes the information listed below.
- Make up a title describing an event that would result in a change in demand. Some examples of factors that could affect demand are personal preferences, income, and price. Once you have a title, then create a graph that includes the information listed below.
- Each graph should have the following:
- The name of the product.
- A title influencing change in supply or demand.
- A labeled graph showing supply and demand changes.
- An explanation for the change.
- Each graph should have the following: