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The Price is Right!!

1. What appears to happen to the number of people willing to buy a cookie as the price goes up?

2. If it costs me $0.15 to make a cookie, would it make sense for me to charge $0.10? Why?

3. As a business what price would I like to sell my cookies at? Why?

4. Would it make sense for me to charge this price? Why?

5. As a consumer, what price would I like to buy my cookies at? Why?

6. According to the chart above, what price should I charge for my cookies and why?

7. Why do stores have sales?

8. What kind of things would you buy in the summer?

9. What kind of things would you buy in the winter?

10. If it was winter, would I be interested in paying lots of money for a bathing suit (assuming I'm not going on vacation)? Why?

11. If I wanted to start an ice cream business, when would be the best time of year to open my ice cream stand and why?

12. Would the weather affect my ice cream business? How?