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Monday, April 26, 2010

Supply&Demand_#3



Demand: It is the amount of goods or services that people can afford and that they really like but it is only good in specific times.

Supply: It is the amount that the producers choose to sell it to consumers at various prices. The various prices need to be good so consumers would want to buy but the owners would also need to get profit off it.
During this quiz, I was unfamiliar because i didn't even know not even half of the answers. I was answering randomly. What I found interesting was a question where it asked something about countries, there were more than 6 and that they had something with oil. The question seemed interesting, on how oil I guess is commonly used everywhere but some countries may sell it, have more, or they transport them farther.


Source: cartoonstock.com

1 comment:

  1. hey miReya :D

    Your blog is very cute :D
    i agree with you about the quiz we weren't that familiar with it. Hopefully next time we have more time to learn the content. Your blog explains everything about the oil how it work
    and how other people are using it..


    :D

    ReplyDelete