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- The queen started to say we have noticed that our honey is in high demand all across the world. We must decide how much honey to supply to meet this demand.The bees listened intently as the Queen Bee explained the concept of supply and demand. She told them that when the demand for honey was high and the supply was low, they could charge more honey for each jar. But if the supply was high and the demand was low, they might have to lower the price to sell.
- What is Supply and Demand.The bees of the hive were known far and wide for their delicious honey, which they worked hard to collect every day. One day the Queen Bee gathered all the worker bees for an important meeting about the honey market.
- Then the bees started to collect more nectar from the flowers to increase their honey supply to meet the high demand. They carefully monitored the market and adjusted their prices accordingly, always thinking about the cost benefit analysis of their decisions. Thanks to their hard work and understanding of supply and demand the bees from the hive became successful honey sellers providing delicious honey to all the people from the world.
- And so the bees from the hive learned the valuable lesson of supply and demand showing that by working together and making smart decisions they could reach their goal
- The End
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