Download
what item will are you choosing to do your n.
Skip this Video
Loading SlideShow in 5 Seconds..
What is the law of demand ? As price. . . PowerPoint Presentation
Download Presentation
What is the law of demand ? As price. . .

What is the law of demand ? As price. . .

0 Vues Download Presentation
Télécharger la présentation

What is the law of demand ? As price. . .

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. What item will are you choosing to do your project about? (pick something from $1 to $300 that you are considering buying)___________________________. • Define Scarcity___________________. • What are some reasons why the item is scarce? • ___________________________________________ • What would be your trade off for buying this?________ • What is your opportunity cost? Why?

  2. What is the law of demand? As price. . . • Is the demand for this item generally elastic (definition___________) or Inelastic (definition___________) ? Why? • What is likely to happen to the price of this item in the next few weeks? • How will that affect your willingness to purchase it?

  3. Will you buy the item, after looking at all of these factors? • Why is that a good choice?