This week we have been looking at supply.
Supply is not very complicated... When prices go up, the more the producers want to "supply" us with their goods, because they will be making more money.
There is a very simple formula we learned to calculate wether or not a recent change is price was beneficial, it is (Price x Quantity = Total Revenue).
Essentially this will tell you if you are making more money or not.
Make sure to visit again next week for more exiting weserville news.
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