cause and effect in relationship to demand
Texte du Storyboard
- A teen named Ahmed always want a cool & amazing house to live in one day. However, most of the luxurious places are occupied in the city of Troyvalley!
- Man, I wish I can purchase a HUGE house one day to move out from my family.
- Then one day, much of the population magically disappeared! Ahmed was very excited that he have the ability to buy a luxurious house for himself when he moves out for college.
- Where did everyone go??
- Once Ahmed graduated from high school, he happily decided to buy a house in the rural parts of Troyvalley. There, he began his amazing life in college! This is a shift in demand (to the left) since the population decreased, allowing Ahmed to purchase a house without any problems.
- Man, it feels nice to live in a peaceful world where the population is low.
- Francis, one of the main entrepreneurs of Nerf, has always been successful in receiving and distributing Nerf toys to kids across the world.
- Being rich and prosperous is amazing!
- Suddenly, most of his suppliers had left his agreements on supplying him, thus making him very furious!
- What happened to all my supplies??
- Unfortunately, his final choice to produce profit is to: increase the cost of Nerf toys (since there was a decline of Nerf suppliers). Even though Francis felt saddened by his decision, he knows that it's the only way to gain money at the end. The sudden decline of suppliers for Nerf ultimately resulted in less supplies and shifted the supply curve to the left.
- There will be an increase of price to out Nerf toys since our suppliers are limited unfortunately.
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