Understanding Supply and Demand

How can supply and demand cause a factory to close in one town or country and open in another? How do consumers drive what products are being made and at what prices goods are being sold? Students will find answers to these questions and more through this book that explains the law of supply and demand. Examples tether these concepts to the real world through discussions of topics like the effects of crop shortages and surpluses. Readers will have the opportunity to consider how the increase of oil prices decreases the demand for oil and causes consumers to look for alternative sources of energy. Students will gain an understanding of the local, national, and global implications of supply and demand.