ECONOMIC

S
PROJECT
DEMAND AND SUPPLY

Introductio
n:
The project is on food
fest. We are a group of 7
people in total. We
selected FYBAF for our
project. There were total
4 items but we selected
only two items, i.e.
Roasted Ruffel and

ROASTED RUFFEL:
Initial

price Rs.20 per plate.

21plates sold in an hour.
Another hour, the price was
Rs.15 per plate. They sold
out 28 plates.
Law of demand applies here.

LAW OF
DEMAND

Other things being equal,

when the price of a
commodity falls, the
quantity demanded for it will
rise and if the price of a
commodity rises, the
quantity demanded for it will
fall.

WATERINGSHOTS(panip
uri)
Initial

price Rs.20(5puris).
Quantity supplied was only
25 plates.
After an hour there was fall
in price i.e. Rs 15(5 puris )
the quantity supplied was
13-15 plates
Law of supply apply here.

LAW OF
SUPPLY

Other

things being
equal, when the price
of a commodity rises,
its supply increase and
when the price falls its
supply decrease.

CONCULSION
The conculsion is that the
demand for roasted raffel
increased but the supply &
price for watering shots was
equal.