Demand scenario

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.

Create a Boycott

 

          Boycotts are important social actions that have an astounding effect on what goods are produced and how they are produced.  By boycotting goods or services, it effects supply and demand nationwide.  
         Create an informational flier which will support a boycott.  Choose a good or service that you wish to boycott.  Within the flier explain what the product is, and give at least 3 reasons why you believe it should be boycotted.  Also include what alternatives the person reading your flier could do to support the boycott.
 Be creative with your explanations, but make them believable.