Tuesday, November 8, 2011

What drives the price of goods? Supply and demand in real life.

The video we viewed in class demonstrates the relationship between the demand and supply of goods and how these factors establish the price of goods.  While watching the video you should take notes on how you see these factors working.  Upon completion of the video, you will complete two brief blog entries detailing the examples of water and oil discussed in the video, relating them to the subjects discussed in class.
http://www.learner.org/vod/vod_window.html?pid=353

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