econ - demand for the drinks will rise and the quantity...

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Through the experience of playing the lemonade game, I have learnt many concepts that can be used in real life situation for doing business. The game helped explain how the different factors will come into play to influence the demand and supply of one good. For example, the temperature is hot and the weather is sunny, the
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Unformatted text preview: demand for the drinks will rise and the quantity supply will decrease. So with the different factors in mind it will influence the cost of producing the goods. By playing this game, I learnt how to deal with the different situations and making the right decision to make profit....
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This note was uploaded on 11/18/2010 for the course ACC 2002 taught by Professor Staff during the Spring '08 term at UChicago.

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