Example of supply and demand

Reference no: EM1373943

Sunrise Surf Corporation is considering to create 35 surfboards in a month if it can sell each board for $400. If it can receive $700 for each board, the company is willing to create 75 surfboards. This is an example of the law of supply. Do you agree or disagree?

John is willing to purchase 3 computers when each computer costs $600. If the price is $250 for each computer, John is willing to buy seven computers. This scenario displays the law of demand. Do you agree or disagree?

Reference no: EM1373943

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