Supply and the law of supply
Answers are for parents and teachers.
1
A litre of milk: 60 l is offered at 8 000 so‘m, 100 l at 10 000 so‘m, 150 l at 12 000 so‘m. Draw the S curve through the three points.
Points: (60; 8 000), (100; 10 000), (150; 12 000); the line rises to the right.
2
If 100 l of milk are sold at 10 000 so‘m, what is the revenue in so‘m?
1000000
3
What is the revenue at 12 000 so‘m, in so‘m? (150 l)
1800000
4
Explain the “invisible hand” in your own words in 2–3 sentences.
Everyone works for his own gain; price and competition push them to offer needed goods cheaply and with good quality.