Supply And Demand For Kids

Three Things That Affect Supply Are Crop Failures, What People Want, And How Much They Are Willing To Pay.

2) if the supply decreases and demand stays the same, the price will go up. Now, how do you show the relationship between the two? Supply is the amount there is of something.

Put The Two Together, And You Have Supply And Demand.

There are four basic laws that describe how supply and demand influence the price of a product: When there’s more supply than demand, prices go down. So we have supply, which is how much of something you have, and demand, which is how much of something people want.

P = 1 / 4 Q^2, Demand:

When there’s more demand than supply, prices go up.