Supply & Demand Explorer
Use the sliders to explore how price affects supply, demand, and profit
The Law of Demand
The demand curve shows how many customers want to buy at each price. When the price is low, more people want to buy. When the price is high, fewer people are interested. This is because customers look for the best value — if something costs too much, they will go without it or find an alternative.
Low pricePrice: $5.00High price
Price per pie
$5.00
Customers who want to buy
40
Moderate demand
At $5.00 per pie, only 40 customers want to buy. The higher price puts many people off — they might choose a cheaper alternative or go without.
Year 11 Commerce — Westlake Boys High School