Question

HELP ASAP PLS ANSWER ALL

1. What is the difference between a want and a need? Give one example of each.

2. The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
Answer:

3. Collecting shoes suddenly becomes a popular hobby. More people than ever before are buying shoes often. The demand for shoes increased. What will happen to the price of shoes?
Answer:

Answer 1

1. The difference between a want and a need is that when you want something it's a thing you desire that might not be useful, but a need is a thing needed to survive.

2. I'm guessing you would lower the prices a little bit because people might want to buy it for a lower price. There might be a problem considering that since you dropped the sale it might be hard getting enough money.

3. You could make the price higher to earn more money but remember that people might not want to buy it because it is expensive. So maybe keep it the same so people might want the cheaper shoes.

Step-by-step explanation: