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Something you believe technology/other advancements is changing the elasticity of supply of (explain how/why) 

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Something you believe technology/other advancements is changing the elasticity of supply of (explain how/why) 

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Something you believe has inelastic supply that you would really like to have, but can’t get because of this issue-Water

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Something you believe has inelastic supply that you would really like to have, but can’t get because of this issue-Water

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Something you believe is a recent example of elastic supply (a bunch of people suddenly wanted it and suppliers were able to accommodate them) - video games 

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Something you believe is a recent example of elastic supply (a bunch of people suddenly wanted it and suppliers were able to accommodate them) - video games 

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Something that you believe has an increased inelastic demand quality to you because of how you view it

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Something that you believe has an increased inelastic demand quality to you because of how you view it

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A service that has elastic demand to most people (think of broad socioeconomic groups)- girls getting their nails done

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A service that has elastic demand to most people (think of broad socioeconomic groups)- girls getting their nails done

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A good that has elastic demand to most people (think of broad socioeconomic groups)-newest smartphones

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A good that has elastic demand to most people (think of broad socioeconomic groups)-newest smartphones

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A service that has inelastic demand to most people (think of broad socioeconomic groups)-Doctor

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A service that has inelastic demand to most people (think of broad socioeconomic groups)-Doctor

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A good that has inelastic demand to most people (think of broad socioeconomic groups)- Gas for your car

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A good that has inelastic demand to most people (think of broad socioeconomic groups)- Gas for your car

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Something for which you have experienced diminishing marginal utility (tell the story!)- I really love Chinese food  but If I eat it all day long I will not want it all week.

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Something for which you have experienced diminishing marginal utility (tell the story!)- I really love Chinese food  but If I eat it all day long I will not want it all week.

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You believe the profit motive helps to reduce the wasting of (explain why/how) - reusable grocery bag will reduce plastic pollution

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You believe the profit motive helps to reduce the wasting of (explain why/how) - reusable grocery bag will reduce plastic pollution

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Something you personally have purchased where the law of demand applied - I can only buy one Playstation because of price. 

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Something you personally have purchased where the law of demand applied - I can only buy one Playstation because of price. 

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Something that represents a cost of production for a product you purchase-If i buy a t-shirt you have to think of the price of the material, and the time or labor require to produced 

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Something that represents a cost of production for a product you purchase-If i buy a t-shirt you have to think of the price of the material, and the time or labor require to produced 

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Something you think suppliers might be supplying more of in the near future because you believe the price will likely increase-Land or real estate in colorado

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Something you think suppliers might be supplying more of in the near future because you believe the price will likely increase-Land or real estate in colorado

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A good or service you purchased as a substitute for another due to the substitution effect-i can't  afford a new car so i'll get a use car

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A good or service you purchased as a substitute for another due to the substitution effect-i can't  afford a new car so i'll get a use car

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Something you’ve purchased because of the influence of the income effect- in the summer i work more so i can buy more.

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Something you’ve purchased because of the influence of the income effect- in the summer i work more so i can buy more.