Presentation on theme: "How is Supply similar yet different from Demand?."— Presentation transcript:
How is Supply similar yet different from Demand?
You are motivated by profit (profit incentive) You want customers to be happy (continue to shop) You want to stay in business as long as possible You want your employees (if large enough to hire) happy You want to make as much money as possible
Quantity Supplied Price in $ Makes sense doesnt it?
$5 ea OR ??? $10 ea
Profit = Price - Cost
Quantity Demanded Price in dollars Makes sense too? Right?
Money not spent is money in my pocket or bank!
Quantity Supplied Price in dollars
Yes, Theyre like mirror opposites. One goes upper left to lower right And the other goes lower left to upper right. Which is which?
I sense a new foldable coming on….. Oh brother Chapter 5.5 Supply Shifters p More Econimic Origami