P3-Supply+&+Demand+Graph

=Project 3 - Supply & Demand Graph=

In Chapter 2.2 you learned that price is one of the most visible economic factors encountered. The amount paid for goods and servies results from economic decisions made by consumers, businesses and governments. The Supply/Demand curve illustrates this economic factor. Remember that supply is viewed from the perspective of a business and demand is from the consumer's point of view.

For this project you will research a popular product in your country and determine its current market price. You will need to convert their currency to US dollars. Once you have the market price in US dollars, you will create a spreadsheet and graph in that illustrates the Supply/Demand curve for that product. The increments for price and number of items produced should be realistic. (the graph below shows $2 increments on price and 10 unit increments on product prodused) Completed graphs will be posted on your Team Artifact Page. Projects will be graded utilizing the rubric below.

While it is possible to create a Supply/Demand Graph in Microsoft Excel, the steps are a bit complicated. Therefore, I suggest that you create a table of your data and then 'draw' your graph. I recommend that you draw the graph in either Word or Publisher, but you may also draw out the graph in Excel. You could even draw/color the graph by hand and then scan it into the computer as a picture file. Whichever method works for your team is fine.

The graph must include the following:
 * Graph Title (must include the country) (Example: "SD Curve for Videos from India")
 * X and Y axes must include increments
 * X and Y axes must include lables
 * Market Price must be highlighted
 * All text must be visible and legible (no script or old English fonts
 * Graph must be formatted for attractiveness
 * Graph must be saved as a .jpg file
 * Graph must be upload and inserted on your Team Artifact Page.

The market price for videos is $6. The number of videos produced at the market price is 40.
 * Sample Graph - Illustrates the Supply/Demand Curve for Videos**


 * Grading Rubric**
 * CATEGORY || **25 ** || **20 ** || **15 ** || **10 or less ** ||
 * **Required Elements ** || The graph includes all required elements. || The graph includes 5 of the 6 required elements. || The graph includes 4 of the 6 required elements. || The graph includes less than 4 of the 6 required elements. ||
 * **Attractiveness ** || The graph is exceptionally attractive in terms of design, layout, and neatness. || The graph is attractive in terms of design, layout and neatness. || The graph is acceptably attractive though it may be a bit messy. || The graph is distractingly messy or very poorly designed. It is not attractive. ||
 * **Wikispace Content** || Includes correct project heading and introduction information. Graph is inserted and sized proportionately. There are no typographical errors || Includes correct project heading and introduction information. Graph is inserted and sized proportionately. There are 1-2 typographical errors || Project heading and/or introduction information is missing. Graph is inserted and sized proportionately. There are no more than 4 typographical errors. || Heading and/or introduction information are missing, or graph is missing. There are numerous typographical errors. ||
 * **Graphics -Clarity ** || Graphics are all in focus and the content easily viewed and identified || Most graphics are in focus and the content easily viewed and identified || Some graphics are in focus and the content is easily viewed and identified || Many graphics are not clear or are too small. ||