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Copper is a scare and valuable resource. This scarcity fuels people to recycle it, because it is worth putting the time in to recycle. Companies will try to use less of it because it costs so much. Its value and scarcity promotes efficiency in it's use. This is profit motive. They can make a lot of money off of it, but it costs a lot, so they have to be careful in it's production and not waste it.

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Any product I buy had to be made, and when I picture it being made I picture workers. Workers are a cost of production because you have to pay them to work for you. Any cost that goes into producing the product you are buying is a "Cost of Production"

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Through current trends, the use of coconut oil has become more popular. With this popularity, I would expect a company to begin producing more of it because the demand has increase, thus the price can increase. This is the law of supply. Somebody will produce more of a product if they believe they can make more money off of it.

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When I'm broke, I don't have money to spend on nice soap, so I substitute it with cheaper soap from Walmart. The substitution effect is that people will often times substitute a lower costing and lower quality product for a higher one if they cannot afford it.

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When I have a job, I have an increased amount of spending money. When I have more money, I am more willing to buy higher quality of products. For instance, incense. When I am broke I will buy the worst incense around, the Walmart kind, but when I have an influx of cash I am more willing to pay the extra money for the better incense. This is the income effect. An increase in money tends to increase demand.

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When I go to the store to buy some new shirts for the winter, I plan on buying just two. There was a sale going on where you buy 4 you get 1 free. I bought 4 because the price per item became cheaper, thus I had a desire to take advantage of that opportunity. That is the law of demand; an inverse relationship between price and demand.