https://padlet.com/amartinez204059/7eernhzcrdu6 en-us 2018-09-11 16:08:40 UTC 2026-01-02 17:45:56 UTC hello@padlet.com esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279953622 A supply shock is unexpected event that causes the price of a product to suddenly change and this can be negative or positive, but it's rarely positive. Rationing refers to an artificial control on scarce items. Banks can also ration the amount of loans they give.]]> 2018-09-11 16:18:04 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279953622 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279954118 shows responsiveness of the amount supplied of a good or service to a change in its price. ]]> 2018-09-11 16:18:51 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279954118 lalcocer203801 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279954564 Legal maximum and minimum price for product]]> 2018-09-11 16:19:30 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279954564 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957166 The lowest wage permitted by law or by a special agreement ]]> 2018-09-11 16:23:30 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957166 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957827 (workforce productivity) economic output per labor hour.

]]> 2018-09-11 16:24:35 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957827 esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957969 Is an economic surplus in which a good is produced more than it was demanded and the price is determined through supply and demand.]]> 2018-09-11 16:24:48 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279957969 esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279960108 The cost that a company pays in order to produce a product.]]> 2018-09-11 16:28:25 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279960108 esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279961730 Where the supply and demand curve intersects, or when the quantity supplied and the demand for a product are equal.]]> 2018-09-11 16:31:07 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279961730 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279963526 A fundamental principle of economic theory that states that, other factors held constant, an increase in price results in an increase in quantity supplied.]]> 2018-09-11 16:33:46 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279963526 esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279963942 Generally referred to as compliments or substitutes. Substitutes are cheaper products that can be substituted for something expensive and a compliment is two goods that are consumed together.]]> 2018-09-11 16:34:25 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279963942 lalcocer203801 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279964167 Demand curve shifts to left or right following change in underlying determinant of demand]]> 2018-09-11 16:34:46 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279964167 jangeles203812 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279967246 Quantity purchased varies inversely with price. In other words, the higher the price, the lower the quality demand.]]> 2018-09-11 16:39:25 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279967246 lalcocer203801 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279967648 A chart that shows how much product a supplier will have to produce to meet consumer demand at a specified price based on the supply curve.

]]> 2018-09-11 16:39:56 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/279967648 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280156546 Graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at any given price.

]]> 2018-09-12 01:17:24 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280156546 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280156908  consumer replacing cheaper or moderately priced items with ones that are more expensive when a change in finances occur.

]]> 2018-09-12 01:19:37 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280156908 amartinez204059 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280157213 When a consumer spending more or less in general and does not necessarily indicate buying items of higher or lower value.]]> 2018-09-12 01:21:09 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280157213 esalcedo204206 https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280203259 Raising minimum wage would hurt all of these things. It would hurt employers because they would have to fire people to make up for the money being lost due to the increased minimum wage. It would hurt consumers because an increase in wage would cause inflation. Also, it would hurt the laborers because some of them are going to be laid off and it will be hard for them to find a job.]]> 2018-09-12 06:16:53 UTC https://padlet.com/amartinez204059/7eernhzcrdu6/wish/280203259