supply and demand photos by Luis Sanchez Lopez https://padlet.com/las8c469/9puvlyhsh3kg Made with a lightning strike of genius en-us 2019-02-21 15:53:30 UTC 2019-02-23 19:25:21 UTC hello@padlet.com Something you personally have purchased where the law of demand applied - I can only buy one Playstation because of price. las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333696825 2019-02-21 16:01:17 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333696825 Something you’ve purchased because of the influence of the income effect- in the summer i work more so i can buy more. las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333717353

]]> 2019-02-21 16:33:00 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333717353 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 las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333717884 2019-02-21 16:33:50 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333717884 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 las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333718158 2019-02-21 16:34:18 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333718158 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 las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333718365 2019-02-21 16:34:39 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333718365 You believe the profit motive helps to reduce the wasting of (explain why/how) - reusable grocery bag will reduce plastic pollution las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333719193 2019-02-21 16:35:58 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333719193 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. las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/333719382 2019-02-21 16:36:19 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/333719382 A good that has inelastic demand to most people (think of broad socioeconomic groups)- Gas for your car las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473511 2019-02-23 19:05:35 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473511 A service that has inelastic demand to most people (think of broad socioeconomic groups)-Doctor las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473751 2019-02-23 19:07:59 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473751 A good that has elastic demand to most people (think of broad socioeconomic groups)-newest smartphones las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473898 2019-02-23 19:09:29 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334473898 A service that has elastic demand to most people (think of broad socioeconomic groups)- girls getting their nails done las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474264 2019-02-23 19:13:37 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474264 Something that you believe has an increased inelastic demand quality to you because of how you view it las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474655 2019-02-23 19:17:24 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474655 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 las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474967 2019-02-23 19:21:18 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334474967 Something you believe has inelastic supply that you would really like to have, but can’t get because of this issue-Water las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334475253 2019-02-23 19:24:06 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334475253 Something you believe technology/other advancements is changing the elasticity of supply of (explain how/why) las8c469 https://padlet.com/las8c469/9puvlyhsh3kg/wish/334475344 2019-02-23 19:25:21 UTC https://padlet.com/las8c469/9puvlyhsh3kg/wish/334475344