Economics

1
Economics
A mini-book by
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2
Supply and Demand
Select your answers by moving over the red
circles to show your choices
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3
Production and Consumption
Producer
Consumer
A farmer is a producer because he
Them man visiting the fruit stand is a consumer
because he
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A farmer is also a consumer because he has to buy
things like
Answer the question
The relationship between the producer and
consumer is interdependent because
Answer the question
4
Price and Incentives
Price at store, 1.25 each.
Price at store, 0.40 each.
How much would it cost for three meal helpers
without the coupon? How much do three meal
helpers cost with the coupon?
How much would it cost for six yogurts without
the coupon? How much do six yogurts cost with
the coupon?


Solve the math problems


Why do manufacturers want you to use the coupon
and save money? By offering the coupon consumers
will choose and pay for their product, therefore
not choosing some elses product. If the
consumer likes it they may buy again, even
without a coupon.
Answer the question
Do you think people are more apt to buy multiple
quantities of things if they have a coupon?
YES NO
Ring your answer
5
Sales and Profit
You are an entrepreneur and have decided to set
up a lemonade stand on a hot summer day.
Although its fun just to have a lemonade stand,
you also want to make a profit.
Fill in the chart below
Solve the math problems, highlight losses and
profits A calculator can be found Programs -gt
accessories
Expenses What do you have to pay for to set up
your stand? Lemonade ingredients 7.00 Plastic
cups 5.00 Supplies for signs 3.00 Thats a
total of 15.00
profits are green and losses are red.
Find the total