Market for the Book by https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv en-us 2020-10-09 12:59:59 UTC 2026-03-21 11:46:01 UTC hello@padlet.com aryannawilson2 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/816596069 Market for the Book ]]> 2020-10-09 13:16:30 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/816596069 madisonbradley https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/816695510 The equilibrium price (aka market clearing price) is when the demand curve and supply curve meet. When the quantity supplied exceeds the quantity demanded, a surplus will occur. When the quantity demanded exceeds the quantity supplied, it will result in a shortage. ]]> 2020-10-09 13:44:35 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/816695510 DEMAND carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819932618 2020-10-11 19:02:51 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819932618 SUPPLY carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819933416 2020-10-11 19:03:48 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819933416 carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819936480 2020-10-11 19:07:10 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/819936480 2. Resources aryannawilson2 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/826526149 Since everything is online now most of the books we read are PDF's. Meaning that the supply of hard cover books are going down (graph will shift left).]]> 2020-10-13 20:06:07 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/826526149 1. Number of Consumers carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832008877 During the summer, a lot of students purchased books for their summer reading assignments (graph shifts right).]]> 2020-10-15 12:32:00 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832008877 2. Income Change carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832029981
  • Due to the pandemic, many workers have been getting shorter hours, which resulted in pay cuts. This also means book sales have decreased (graph will shift left). 

    • ]]>     2020-10-15 12:38:57 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832029981     3. Complements carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832035264 The demand of books are starting to increase, meaning the demand of bookmarks will also increase (graph will shift left).]]> 2020-10-15 12:40:34 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832035264 4. Expectations carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832039366  Consumers expected the price of a popular novel to increase within the next year (graph will shift right).]]> 2020-10-15 12:41:51 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832039366 5. Substitutes carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832041352  Consumers expected the price of a popular novel to increase within the next year (graph will shift right).]]> 2020-10-15 12:42:31 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832041352 6. (Consumer) Taste carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832043660  If kids begin to read more books, they will increase their intelligence (graph will shift left). ]]> 2020-10-15 12:43:07 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/832043660 1. Government Regulation carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833178564  The government has added taxes on books (graph will shift left).]]> 2020-10-15 17:01:21 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833178564 3. Expectations carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833194222  Book producers believe that the prices of books will increase within the next year (graph will shift left)]]> 2020-10-15 17:04:58 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833194222 4. Education carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833198646
  •  500 new bookstores have opened within the last year (graph will shift right).

    • ]]>     2020-10-15 17:05:58 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833198646     5. Technology carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833206134 There has been less production of the Kindle Fire tablets (graph will shift to left).]]> 2020-10-15 17:07:41 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833206134 Roles carlagilmore03 https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833208974 Equilibrium: Madison
    Supply: Aryanna
    Demand: Carla & T'Niya]]>     2020-10-15 17:08:20 UTC https://padlet.com/carlagilmore03/7oyfx1l7dpkmzjqv/wish/833208974