3. REASONING When
plantation owners grew
more tobacco than people
wanted, they sometimes
switched to growing other
crops, such as corn and
wheat. How does this
illustrate the law of supply
and demand? In a small sentence
When tobacco was not wanted the seller could not make money since there was no demand for the product. Since the seller could not make the money he invested in tobacco back by selling it he needed to switch to something that was in demand at the time. By switching to products that the market wanted such as corn and wheat he could now make a profit from his investment. This illustrates that with high demand there is high supply and when the demand is low supply gets low also.
