Instructions for the 10 personal Supply & Demand problems you will make up to save $10K over your life time.
Find the price of 10 goods or services available on the internet.
Think about what conditions are needed to change a supply or demand basic determinant that would lower the price of each of the 10 goods or services. For example: buying a car in the winter may decrease the number buyers; A consumer’s disposable income may be lower immediately after Christmas-reducing the ability to spend; Inventory costs may increase for a car dealer during the winter (e.g. shoveling snow off of cars, etc.).
Assume that each basic determinant change results in a saving of approximately 10% so you would fill in the summary.
Examine real world conditions for 10 products or services and show the steps and graphs.
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