We have looked at how certain events can cause a change in demand, and therefore a change in price. If demand rises, the price will rise to maximize profit. However if something happens that causes the demand to drop, then the price will drop to maximize what demand there is.
In your post, please write a scenario that you have created that could cause something to change demand. For example, The increase in the price of the production of denim would cause what? The increase of the price of denim would cause the cost of jeans to increase, and then causing the demand to decrease. Only put the scenario in your post, not what happens to demand and price.
THEN, you should reply to 2 other posts from others in your class, and explain what you think will happen to the demand and price in a comment to the post.
This is due Friday before the Pep rally in seminar.
2 time NBA Champs Lebron James wears Nike basketball shoes.
ReplyDeleteJonathan
Price goes up on Nike shoes along with the demand
DeleteSam
Demand goes up, price goes up
DeleteAustin Weaver
Price and Demand goes up for nike shoes
DeleteAs he makes Nike Basketball shoes more popular demand goes up. As they become more popular people are willing to pay more so the price goes up.
DeleteSofia
NFL athlete Eli Manning starts to wear Reebok shoes
ReplyDeleteSam
demand and price goes up on reebok shoes
DeleteKelson
Demand goes up, price goes up
DeleteAustin
Demand goes up, price goes up
DeleteJonathan
Demand goes up, price goes up.
DeleteKirsten
Demand goes up, price goes up
DeleteKelcee
NBA champion Rajon Rondo wears Nike Zoom Hyperfuse basketball shoes.
ReplyDeleteKelson
demand goes up, price escalates
DeleteGarrett
Peyton Manning, super bowl champion that wears Reebok Zig shoes.
ReplyDeleteAustin
Demand goes up, price goes up
DeleteDemand goes up, price goes up.
DeleteKirsten
Demand goes up, price goes up.
DeleteAmelia
Price goes up along with the demand
DeleteSam
entrepreneur, and majority owner and chairman of the Charlotte Bobcats and star of the bulls basketball team michael jordon and has his own air jordon shoes what i like to where.
ReplyDelete-mikala
People will want to buy Jordan's shoes because he is regarded as the greatest basketball player of all time. So the demand and price will go up
Delete-Joseph
Olympic swimmer Missy Franklin wears a Fastskin LZR Racer Elite Kneeskin.
ReplyDeleteKirsten
Demand goes up, price goes up
DeleteAmelia
Demand goes up, price goes up
DeleteGARRETT
As the popularity and demand of the product increases people are willing to pay more. Therefore companies raise their prices.
DeleteSofia
Demand goes up and price goes up
DeleteKelcee
Demand increases, and the price increases.
Delete--Cami
Lionel Messi, star player for Argentina wears Adidas F-50s
ReplyDeleteSofia
Demand goes up and price goes up.
Delete-Katie
Demand goes up, Price goes up.
DeleteLauren
Kevin Durant, Olympic gold medalist wears KD VI basketball shoes during a game
ReplyDeleteAmelia
The demand and price goes up.
Delete-Katie
Demand increases
DeletePrice increases
--Cami
The demand goes up and the price goes up as well
DeleteLauren
Chris Paul, a well known NBA athlete wears his own CP3 shoes
ReplyDeleteGarrett
Demand for CP3 shoes goes up
Delete--Grant
The demand for the shoes will go up.
DeleteKaitlyn
Cristiano Ronaldo, a famous wears nike superflys.
ReplyDelete-Kelcee
Soccer fans will want to buy the same shoes as Ranaldo so demand goes up which causes price to go up
Delete-Joseph
Hope Solo, double Olympic gold medalist and goalie for the Women's National Soccer Team wears Nike Total90 Laser IV cleats.
ReplyDelete-Katie
Foot Locker has a leftover inventory of basketball shoes in April.
ReplyDelete--Cami
Price goes down
Delete--Grant
Price goes down
DeleteKaitlyn
Drew Brees wore Nike Zoom Air cleats in his super bowl winning season
ReplyDelete-Joseph
Gabby Douglas Olympic gold medalist wears GK Elite Leotard in the olympics
ReplyDeleteLauren
Kevin Durant wears a Hello Kitty backpack everywhere.
ReplyDelete--Grant
Lebron James wears Adidas
ReplyDeleteKaitlyn