# data[].attributes.body
when supply gets low
when supply gets lower the item costs more money
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scarcity
scarcity
Today I learnt that demand is when an item is rare it has lots of value and 
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Scarcity 
Scarcity 
I learnt when there is limited supply/product people will rush and hurry and spend as much money as they need to, to get that product/supply.
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scarcity
scarcity
I leaned that when not that  
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scarcity
scarcity
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Skeleton Island
Skeleton Island
Today, we played a game called skeleton island. There were 6 sellers and the rest were buyers. The sellers were given 20 waters, 3 rods and 1 insect repellent. In on day, buyers needed to buy one water a day and a rod and an insect repellent within the game. As the days go buy and the stock was limited all the prices were cheap to begin with but as items became more scarce prices became more expensive

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it was hard being a seller in the game
it was hard being a seller in the game
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Skeleton Island
Skeleton Island
Skeleton island is a game I played with my class. It was hard to survive because in order to live you needed to buy one bottle of water each day, a fishing rod and mozzy spray if you wanted to survive. The hard thing was that there are six sellers and each seller had one spray. So if you didn't get a mozzy spray the first round (because everyone tried to get one on the first round) you were out so that was scarcity. If you also tried to get a bug/mozzy spray they charged more than if there was a large supply!!!
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Scarcity
Scarcity
The meaning of scarcity is: a state of being scarce or in short supply and or shortage, And demand can go extremely high BUT! If they raise there prices too much, no one will buy it.

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Scarcity
Scarcity
Today I learnt that demand is when a item is rare it has lots of value like a emerald, diamonds and ruby. 
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Scarcity
Scarcity
Me and my fellow mates, learnt that scarcity means when something has a high price, its because they are running out on that item or the item is rear. They make the price higher as it is the last of the item. The items get limited and need to be sold quicker so it goes more cheaper or more expensive, if it is to expensive not much people would buy the equipment or product.:)
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when people want more of something the price goes up.
when people want more of something the price goes up.
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scarcity
scarcity
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Supply And Price
Supply And Price
When supply gets lower the price increases $u$
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Scarcity
Scarcity
Scarcity is when there is not a lot of something.

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Scarcity
Scarcity
I learned that when something is scarce the price goes up and when it is easy to get the price is low
for example in the game there was only one insect repellant per seller which made the seller make it more expensive
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S K E L E T O N I S L A N D
S K E L E T O N   I S L A N D
I learnt that scarcity means that when a event happens or you have a low stock of an item the price goes up etc in a drought waters price would go up because of the demand for water.
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Scarcity
Scarcity
If you compare a diamond to a milk, the diamond is always going to be the highest because there is less of it.
-Emily
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s c a r c i t y
s c a r c i t y
On this day, me and my fellow classmates learnt about scarce products and scarcity. in particular, i learnt that when there is less of the item (eg. water since there may be drought), the producers of that item decide to use that to advantage and make the price higher since there is less of it, and that is what you call scarce. :)
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skeleton island
skeleton island
I found that when you do mate rates you loose a lot of many and resources 
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Scarcity
Scarcity
is when there isn't as much



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m
m
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I learnt that when y
I learnt that when you don't have a lot of things in stock most people make there things more expensive when you have lots of things in stock most people make is cheep 
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scarcity
scarcity
Today I learnt that when there is limited supplies the prices go  up
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Scarcity
Scarcity
Today I learned that when the supply for an item becomes scarce, the consumers usually bring a higher demand. Due to this, the price becomes higher so that the seller can earn more money. $$
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Scarcity 
Scarcity 
Today I learnt that when there is limited supply/product the price will most likely increase but when there is lots of supply it is normally not as much $$$$. 
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Demand
Demand
Demand is when people want lots of goods
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# data[].attributes.body
when supply gets lower the item costs more money

# data[].attributes.body
Today I learnt that demand is when an item is rare it has lots of value and

# data[].attributes.body
I learnt when there is limited supply/product people will rush and hurry and spend as much money as they need to, to get that product/supply.

# data[].attributes.body
I leaned that when not that

# data[].attributes.body
Today, we played a game called skeleton island. There were 6 sellers and the rest were buyers. The sellers were given 20 waters, 3 rods and 1 insect repellent. In on day, buyers needed to buy one water a day and a rod and an insect repellent within the game. As the days go buy and the stock was limited all the prices were cheap to begin with but as items became more scarce prices became more expensive

# data[].attributes.body
Skeleton island is a game I played with my class. It was hard to survive because in order to live you needed to buy one bottle of water each day, a fishing rod and mozzy spray if you wanted to survive. The hard thing was that there are six sellers and each seller had one spray. So if you didn't get a mozzy spray the first round (because everyone tried to get one on the first round) you were out so that was scarcity. If you also tried to get a bug/mozzy spray they charged more than if there was a large supply!!!

# data[].attributes.body
The meaning of scarcity is: a state of being scarce or in short supply and or shortage, And demand can go extremely high BUT! If they raise there prices too much, no one will buy it.

# data[].attributes.body
Today I learnt that demand is when a item is rare it has lots of value like a emerald, diamonds and ruby.

# data[].attributes.body
Me and my fellow mates, learnt that scarcity means when something has a high price, its because they are running out on that item or the item is rear. They make the price higher as it is the last of the item. The items get limited and need to be sold quicker so it goes more cheaper or more expensive, if it is to expensive not much people would buy the equipment or product.:)

# data[].attributes.headline
when people want more of something the price goes up.

# data[].attributes.subject
when people want more of something the price goes up.

# data[].attributes.body
When supply gets lower the price increases $u$

# data[].attributes.body
Scarcity is when there is not a lot of something.

# data[].attributes.body
I learned that when something is scarce the price goes up and when it is easy to get the price is low
for example in the game there was only one insect repellant per seller which made the seller make it more expensive

# data[].attributes.body
I learnt that scarcity means that when a event happens or you have a low stock of an item the price goes up etc in a drought waters price would go up because of the demand for water.

# data[].attributes.body
If you compare a diamond to a milk, the diamond is always going to be the highest because there is less of it.
-Emily

# data[].attributes.body
On this day, me and my fellow classmates learnt about scarce products and scarcity. in particular, i learnt that when there is less of the item (eg. water since there may be drought), the producers of that item decide to use that to advantage and make the price higher since there is less of it, and that is what you call scarce. :)

# data[].attributes.body
I found that when you do mate rates you loose a lot of many and resources

# data[].attributes.body
is when there isn't as much

# data[].attributes.body
I learnt that when you don't have a lot of things in stock most people make there things more expensive when you have lots of things in stock most people make is cheep

# data[].attributes.body
Today I learnt that when there is limited supplies the prices go  up

# data[].attributes.body
Today I learned that when the supply for an item becomes scarce, the consumers usually bring a higher demand. Due to this, the price becomes higher so that the seller can earn more money. $$

# data[].attributes.body
Today I learnt that when there is limited supply/product the price will most likely increase but when there is lots of supply it is normally not as much $$$$.

# data[].attributes.body
Demand is when people want lots of goods

# data[].attributes.body
Today we learnt that when there is a large amount of one item the price is lower but when an item is scarce (less amount limited) the price is higher. Eg. I diamond could cost a larger amount because diamonds are difficult to locate and buy whereas milk is cheap because there is more of it and it is easily accessible.

# data[].attributes.body
Today I learnt about how company's shall raise the prices when there is a high demand, yet when they have a lot the price goes down, then I learnt that when there are multiple company's selling the same things, The demand goes down! :)

# data[].attributes.body
Today I learnt that scarcity means when something has a high price its because they are running out on that item or the item is rear. They make the price higher as it is the last of the item. That is scarcity!!!(:

# data[].attributes.body
Scarcity is when a specific item is scarce and there is not much of it left and people have higher demand for the item.

# data[].attributes.body
I learnt that when there is less of that one  good, the price increases.

# data[].attributes.body
Scarcity is when an object becomes more rare the price increases