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The demand of the product does decrease but since their is not many options of the item the price increases.

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The demand for said product decreases. Even though there aren't many options for this product, not as many people are going to buy the product due to the price.

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if the price increases then the demand would go down.

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The elastic situation in the scenario is Maria and her snacks. The reason is that buying snacks is not something that you really need. While gasoline is an inelastic demand it is very essential because the car needs gasoline so it doesn't stop in a random location or stop at a highway and another car hits you which both the drives are in danger.

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If there are alternatives or substitutes when the price goes up the demand might stay the same for said product. For example milk is a NEED and people demand it. People use milk to cook or to feed children. If there is a change in price people will still buy it because it is a everyday item.

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The price of granola bars going up means the advertisement going up too cause random tiktokers make thr bars blow up cause youn

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What happens that the demand is usually high. That is because since its wanted alot why not increase the price so you can make more money. So higher demand higher price.

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i chose the third option because when the price increases the demand goes down .

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The demand for a product decreases as prices goes up.

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If something goes up in price people will always look for a cheaper alternative.

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The reason why the demand decreases when the prices increase is buyers tend to purchase more products the lower its price is.

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option 1 because as they put more product in the box the price will go up.

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My father who worked for a Russian invested company worked a job he loved remotely. Due to sancions on Russia the company fell apart due to their main investor being blocked by the world. He got a new job eventually but he did really like the fully remote job.

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Play one of the levels and get comfortable with shifting supple and demand on your own

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Play one of the levels and get comfortable with shifting supple and demand on your own

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Interactive Practice by MRU | Have your students test their economics knowledge with our interactive practice tools. Topics include Supply and Demand, GDP, and trade.

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Shifts in Supply or Demand | Interactive Practice by MRU

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Shifts in Supply or Demand (3 Sets) Filtersde-sub Shifts in Supply or Demand (Set 1) Shifts in Supply or Demand (Set 2) Shifts in Supply or Demand (Set 3) BACK TO HOME

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Directions: take the poll below and explain why you picked that choice in a post.

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Directions: take the poll below and explain why you picked that choice in a post.

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The price of organic granola bars triples in price over the course of a month. What happens to the quantity demand of said product?

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As the quantity demand increases the organic granola bars' price increases

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The price depends on the quantity demand

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As the price of the organic granola bars increases the demand decreases 

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Scenario: "The Price of Snacks vs. Gasoline"

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Scenario: "The Price of Snacks vs. Gasoline"

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Maria and Jake are high school students who experience price changes in different ways. Maria loves to buy snacks like chips and candy after school, but when the price of her favorite chips rises from $2 to $3, she decides to buy less or switch to something else, since snacks are not essential to her.

On the other hand, Jake needs gasoline to drive to school every day. Even when gas prices increase from $3 to $3.50 per gallon, Jake continues to buy almost the same amount because he needs it to get around, and there are no easy substitutes for gasoline in his daily life.

Based on their behavior, can you identify which product represents elastic demand and which one represents inelastic demand? In your own post, explain why Maria and Jake's requests can be considered elastic or inelastic, in 3-5 sentences.

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If there are few alternatives or substitutes, and the price goes up, what happens to the demand for said product? Explain in 3-5 sentences.

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How did Crocs transform from being known as "ugly nurse shoes" to a fashionable, on platforms like TikTok and Instagram, and what role did customization with features like Jibbitz charms play in this rise to popularity? What does this have to do with the economy and demand?

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How does the housing market's demand react to rising prices, and what factors, as discussed in the video, influence the housing demand trends in today's economy? Answer in 3-5 sentences, in your own post.

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The Housing Market - If You Don’t Know, Now You Know | The Daily Show