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Copy of Coffee Shop Recording Chart

The document contains a recording chart for a coffee shop supply/demand game played over 14 rounds by participants Brian and Nathan, detailing prices, ingredients, temperatures, and profits or losses for each round. Their total profit at the end of the game was $102, with the most successful day occurring at a colder temperature and the most challenging day at a hotter temperature. The participants identified key factors affecting supply and demand, including temperature and recipe combinations, and expressed a desire to implement a better strategy if they played again.

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garnerbrianp
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95 views

Copy of Coffee Shop Recording Chart

The document contains a recording chart for a coffee shop supply/demand game played over 14 rounds by participants Brian and Nathan, detailing prices, ingredients, temperatures, and profits or losses for each round. Their total profit at the end of the game was $102, with the most successful day occurring at a colder temperature and the most challenging day at a hotter temperature. The participants identified key factors affecting supply and demand, including temperature and recipe combinations, and expressed a desire to implement a better strategy if they played again.

Uploaded by

garnerbrianp
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Coffee Shop Supply/Demand Game Recording Chart

Activity – Play 14 Rounds of the Game. Fill-in the table below for each round.

Name: __Brian and Nathan_______________________

Price/Cup Coffee Cups Milk Sugar Temp Result

2.00 3.1 1 1.4 2 51 $44


degrees $14 in
profit

2.15 3.1 1 1.4 2.9 68 Lost


degrees $29.30 in
profit

.50 3.1 1 1.4 2.3 71 We ran


degrees out

1.55 3.2 1 1.4 2.7 28 20 dollars


degrees of profit
Coffee Shop Supply/Demand Game Recording Chart
0.25 3.1 1 1.6 2.2 74 15 dollars
degrees of prof

.75 3.5 1 1.6 2.1 44 We ran


degrees out

.90 3.2 1 1.6 2.7 87 19 dollars


degrees of profit

1.9 3 1 1.6 2.1 65 21 dollars


degrees of profit

2.0 3 1 1.6 3.2 76 We ran


degrees out

1.75 3 1 1.6 2.5 41 We ran


degrees out

2.00 3 1 1.9 2.1 33 20 dollars


degrees of profit

2.15 3 1 1.7 2.5 28 We ran


degrees out
Coffee Shop Supply/Demand Game Recording Chart
1.80 3 1 1.5 2.3 80 We ran
degrees out

1.25 3 1 1.2 2 23 33 dollars


degrees of profit

Assessment Questions:

1.) What was your ending total? Did you have a loss or a profit?

Our ending profit was $102.00

2.) What was your most successful day in the game? What was your most
challenging day? Explain how you handled these challenges.

Our most successful day was in the winter; it was 28 degrees freezing. This was good
for business because the colder it is the more hot beverages people want. Our
worst day was 78 degrees. Which is very hot and no one wants coffee when they
are already hot.
Coffee Shop Supply/Demand Game Recording Chart

3.) Did you find a recipe/combination that worked best? Explain.

The recipe that worked the best for us is Strong Coffee, with creamy milk.

4.) Identify factors that affect the demand for your coffee.

If it is the right temperature or it is the right taste this will make people want to get
your coffee. Which will make your business more successful.

5.) Identify factors that affect the supply of your coffee.

If you use too much of a product you will end up running the risk of it going
bad.

6.) How do consumers help drive supply and demand in a capitalist economy?
Give a specific example. (Answer in at least 5 sentences.)
Coffee Shop Supply/Demand Game Recording Chart

Consumers play an important role in driving supply and demand. When


people have a high demand for a specific product or service, businesses respond
by increasing the supply to meet that demand. On the other hand if consumers
have a low demand for a product, businesses will decrease the supply or
discontinue it completely. For example, if there’s a growing trend of people
wanting to live a healthier lifestyle, the demand for organic food products will
increase.

7.) 7. If you played the game again, what would you do differently?

If I played the game I would have a better strategy. I don't feel like we had a
strategy because all we did was keep changing the recipe until it was good.

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