Your favorite company needs your help to look at supply and demand charts to identify what to price your favorite item from that company.

Performance Task

During this credit, you demonstrate how supply and demand impacts price. Trends in the economy can impact the price and financial decisions consumers make. First you will identify the company and product you want to focus on. Second you will research your company of interest for general financial information. Finally, you will make a fictional chart or graph to present to the company to explain the best price point for the item you chose.

Consider the following items while completing your chart or graph

1. Different price points for the item. 2. Identify supply and demand trends for the item at different prices.

Transcribed Image Text:

Price p* 0 q* Quantity D S Price p* 0 q* Quantity D S

Answer rating: 100% (QA)

To create a fictional supply and demand chart to help determine the best price point for your favori... View the full answer