Question

Interview five family members or friends. Ask them how many energy drinks they would buy in a seven-day week at these prices: .25, .75, $1.25, $1.75, $2.00. Make a table to record the quantities of energy drinks they would purchase at each price. Give at least two reasons why you think the price of a product might vary. Give at least two reasons why a consumer might buy more or less of something depending on the price. Write two paragraphs discussing the relationships between price and demand, and supply and demand. Ask at least five people of varied ages the following questions: Do you believe the economy is in dire straits? Why or why not? What do you see as the outcome of the current downturn? How are you directly affected, and what worries you about the state of the economy? Do you believe it can be "fixed"? If so, how?

Answer 1

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