Hi everyone!

If you have not finished or shared your "What is business?" questions please start with that.

When you have finished and submitted your assignment, please work on the following questions and share them with me. :)

If you finish both assignments continue to work on your vocabulary. :)

Demand, Supply and Price

Instructions: Read pages 9-13 and answer the following questions.

1. What is demand? Are demands the same from person to person?

2. Explain the Law of Demand.

3. List and describe the 4 conditions that create demand for an item.

4. Complete the following chart for factors that affect demand.

Factor (Change in...)	Description and Examples
Consumer Income
Consumer Tastes
Future Conditions
Population