https://padlet.com/dlcalkins17/3nzdwlh388bt Made with a lightning strike of genius en-us 2016-10-04 17:53:50 UTC 2016-10-06 19:46:39 UTC hello@padlet.com dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128281463 1. Monday at Mi Cocina the bacon breakfast burrito is $2.50 instead of $3.00 so I eat lunch there every monday because I save $0.50.]]> 2016-10-04 17:57:58 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128281463 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128290814 2. When I got a job I had a lot more money coming in so I felt I could buy more and I bought rims and tires for my Tahoe.]]> 2016-10-04 18:18:42 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128290814 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128594547 3. I was shopping online for car chargers and I saw two that I liked, they both had two plug ins and were reliable but I bought the cheaper one because they were the same thing and worked the same]]> 2016-10-05 18:10:48 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128594547 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128597696 2016-10-05 18:18:03 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128597696 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128599004 Understanding how supply and demand works helps with my economic surroundings because I know why a product isn't selling or why a product is selling a lot. Also it helps to know why a business is investing in a certain product and making it as affordable as possible so more people will buy it.]]> 2016-10-05 18:20:34 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128599004 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128602915 4. I think jacket prices will increase soon because winter is coming so people are going to be buying it almost no matter what because it is going to be cold outside.]]> 2016-10-05 18:28:19 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128602915 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128606146 5. When I go to Subway to buy a sandwich the company has to pay their employees to make my sandwich which is the cost of production.]]> 2016-10-05 18:35:33 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128606146 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128626758 6. I think water is a resource that the profit goes to not wasting it because we only have so much water so the companies selling it don't want to run out of product to sell]]> 2016-10-05 19:37:25 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128626758 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128627568 7. My backpack I used for school in middle school was a great backpack when I first got it but as time went on the back back became less useful because holes started to form and the zippers stopped working.]]> 2016-10-05 19:40:20 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128627568 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128627690 8. Tobacco products are very inelastic because people are addicted to them and can't get enough. So they are willing to spend a lot of money to fulfill their addiction. ]]> 2016-10-05 19:40:46 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128627690 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128628340 9. heart surgery is a very elastic service because people will pay any amount to stay alive. ]]> 2016-10-05 19:42:51 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128628340 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128629068 10. Candy is a elastic good because there are lots of different types of candies to choose from so people have plenty of options to go for the cheapest one. ]]> 2016-10-05 19:45:08 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128629068 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128629931 11. A service that is elastic is red box movie rentals because if they increased the price by one dollar per night they would lose a lot of people because they would be spending double what they would normally pay for one night.]]> 2016-10-05 19:48:14 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128629931 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128632398 12. A inelastic good to me would be gas for my car because I need it to get to work and school. I would cut down driving as much as I could but I would still have to get gas eventually. ]]> 2016-10-05 19:57:29 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128632398 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128633471 13. The iPhone 7 I think is a recent example of a elastic supply because millions of people wanted and they got it. ]]> 2016-10-05 20:01:31 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128633471 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128635627 14. Something I think has a inelastic supply is a Lamborghini because it takes a lot to make one with a lot of different involvement from different people with a different skill set to make everything in the car excellent which makes it really expensive and hard to get.]]> 2016-10-05 20:10:08 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128635627 dlcalkins17 https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128637328 15. I think the Galaxy Note 7 is changing the elasticity of the supply because the company was trying to rapidly produce a product to sell and they made it poorly so the phones were exploding which made the product more inelastic because they had to give refunds and fix the battery issue. ]]> 2016-10-05 20:17:38 UTC https://padlet.com/dlcalkins17/3nzdwlh388bt/wish/128637328