https://padlet.com/sjsupernor17/eai9cqseduxm en-us 2016-10-04 16:25:41 UTC 2017-05-17 11:48:42 UTC hello@padlet.com sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128242483 Understanding supply and demand helps me, as a consumer, to comprehend why prices are so high and so low. As a producer, it helps me to choose what to produce and for how much to sell my products.]]> 2016-10-04 16:26:56 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128242483 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128243246 This summer, I bought 4 swim suits when I was only looking for 1 because Victoria's Secret was having a sale.]]> 2016-10-04 16:28:36 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128243246 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128244625 Right after I get paid, I always get a Starbucks coffee, even if I don't want it, because I just have extra money hanging around.]]> 2016-10-04 16:31:20 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128244625 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128245618 I buy the Target brand face wash instead of the Neutrogena face wash because it is so much cheaper.]]> 2016-10-04 16:33:28 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128245618 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128246804 The prices on the Epipen (the traditional treatment for anaphylaxic shock) have gone up, so I think more sources of these types of medicine will arise]]> 2016-10-04 16:36:29 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128246804 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128248101 A raw material of UGGs, a cost of production, is Australian Merino Sheepskin. ]]> 2016-10-04 16:39:33 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128248101 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128249619 Producers want to use every part of the chicken, so they use the gullet and other parts not suitable for raw cuts to produce them, so they can profit even more. ]]> 2016-10-04 16:43:18 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128249619 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128250256 I have 3 pairs of Irish Setter hunting boots, and the last pair I never use because they have decreasing marginal utility. The first pair was amazingly useful, the second pair was still good, but the third was overkill.]]> 2016-10-04 16:44:57 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128250256 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128251864 Milk is an inelastic product because everyone buys milk, and not many people notice the price changes. I don't even know how much milk costs]]> 2016-10-04 16:49:02 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128251864 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128873527 If someone needed heart surgery, they would buy it no matter what the cost. But, if someone doesn't need surgery, they wont just go get it because it is cheap.]]> 2016-10-06 16:00:54 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128873527 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128874991 Talenti Gelato has an elastic demand, because when the price goes up, quantity demanded goes down. (and there are many substitutes)]]> 2016-10-06 16:04:37 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128874991 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128875922 Getting a manicure has an elastic demand because it is a luxury, it's more expensive.]]> 2016-10-06 16:07:03 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128875922 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128877155 Qdoba burritos have an inelastic demand to me because I will buy them every day no matter what the price is.]]> 2016-10-06 16:10:22 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128877155 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128878056 People all of a sudden want more Kardashian products, so Kylie came out with a line and Kim is rumored to be starting one too, which makes it inelastic]]> 2016-10-06 16:12:28 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128878056 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128880312 I want some of Jeffree Star's androgyn liquid lipstick but I can never find any because he only makes a set amount of each color.]]> 2016-10-06 16:17:10 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128880312 sjsupernor17 https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128882959 Technology has made it easier to produce music, and therefore supply is much more elastic. From the time of records, to now iTunes, there is much more music, which makes it way more of an elastic supply.]]> 2016-10-06 16:22:17 UTC https://padlet.com/sjsupernor17/eai9cqseduxm/wish/128882959