Supply and demand
Storyboard Text
- Demand is the quantity of a good or service that people want to purchase.
- Hi good morning! What is the price of a kilo of apple?
- $60.00
- This something expensive, I'm going to carry only half a kilo.
- Yes of course
- A week later…
- But look how many apples there are today! How much is the kilo?
- Supply and demand for a good or service change according to price.
- $45.00
- The price is better compared to other times, give me two kilos please.
- See you later!
- In the market, the interaction of supply and demand determines the market equilibrium, this is the quantity and the price. The price is a signal that guides both companies and consumers, as it indicates how much people can and want to pay and offer companies
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