Hailey's Supply and Demand by Hailey Sherman https://padlet.com/hmsherman18/9kd3rlff746l en-us 2018-02-14 16:47:27 UTC 2018-02-20 21:11:23 UTC hello@padlet.com 15. Something you believe technology/ other is changing the elasticity of supply of hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587053 The advancements of computers are changing the elasticity of its supply because the more people advance computers the more the older computers are going to be bought because they are cheaper than newer computers ]]> 2018-02-14 16:48:59 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587053 14. Something you believe has inelastic supply that you would really like to have but can't because of this issue hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587140 Expensive things have a very high inelastic supply because they have such a high time making process for the expensive cars. So because of the inelasticity of this expensive car I can't have it because I have no money. ]]> 2018-02-14 16:49:04 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587140 13. Something you believe is a recent example of elastic supply hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587184 Cell phones are in elastic supply because they cost a lot to build and create so the more the price the higher the amount of money you're going to get paid. ]]> 2018-02-14 16:49:08 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587184 12. Something that you believe has an increased inelastic demand quality to you because of how you view it hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587221 Food is a very inelastic demand because people need it to survive so the more there is the more there is to sell ]]> 2018-02-14 16:49:11 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587221 11. A service that has elastic demand for most people hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587310 Babysitting is in an elastic demand because most people don't need babysitters or don't go out or don't have kids that need to be watched. ]]> 2018-02-14 16:49:20 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587310 10. A good that is elastic demand to most people hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587331 Make up is an elastic demand for most people because it's not a necessity to look pretty ]]> 2018-02-14 16:49:23 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587331 9. A service that has inelastic demand for most people hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587417 Phone companies like AT&T or Verizon are inelastic for people because they need phone providers to be able to text people or call or do anything outside of wifi ]]> 2018-02-14 16:49:31 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587417 8. A good that has inelastic demand for most people hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587486 Gas is an inelastic for most people because they need it for their cars so they can get places ]]> 2018-02-14 16:49:37 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587486 7. Something for which you have experienced diminishing marginal utility hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587539 I've experienced diminishing marginal utility when I ate pizza hut a week straight because my parents were out of state and I had nothing but pizza hut ]]> 2018-02-14 16:49:43 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587539 6. Something you believe the profit motive helps to reduce the wasting of hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587570 Mac and cheese is my profit motive because it's cheap and tasty so I motivate myself to eat all of it. ]]> 2018-02-14 16:49:46 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587570 5. Something that represents a cost of production for a product you purchase hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587611 Clothes cost quite a bit to make so I've bought some pretty expensive clothing before that had some fancy designs on them ]]> 2018-02-14 16:49:51 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587611 4. Something you think suppliers might be supplying more of in the near future because you believe the price will likely increase hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587640 I think suppliers are going to start supplying more of the out of country products like anime products and stuff like that because there isn't enough of that stuff in this world. ]]> 2018-02-14 16:49:54 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587640 3. A good or service you purchased as a substitute for another due to the substitution effect hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587706 I wanted something to drink a few weeks ago and I wanted to get a peace tea but it was too far out of my price range so I got an Arizona instead cause it was 99 cents. ]]> 2018-02-14 16:49:59 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587706 2. Something you've purchased because of the influence of the income effect hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587753 I bought a new pair of headphones because I could get them with my last paycheck from Little Caesars. ]]> 2018-02-14 16:50:03 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587753 1. Something you personally have purchased where the law of demand applied hmsherman18 https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587774 I was looking at these bracelets for a while and I had seen them on many couples wrists. The ones I was looking at were a little to high price and when I saw them go on sale I bought them that second. ]]> 2018-02-14 16:50:05 UTC https://padlet.com/hmsherman18/9kd3rlff746l/wish/231587774