https://padlet.com/hmmoran17/evuqswxxgo76 Learning about supply and demand helps me understand how the producers manipulate consumers. I have also learned about the changes that happen to supply and demand and how they correlate and effect each other. en-us 2017-02-16 20:04:09 UTC 2017-05-17 04:17:58 UTC hello@padlet.com hmmoran17 https://padlet.com/hmmoran17/evuqswxxgo76/wish/154453054 Gasoline is a relevant example of a thing I have personally purchased, and where the law of demand is applied. Myself along with the rest of car owners, gas is a necessity, it will always be in demand as long as people have cars, and the demand will increase with the population.]]> 2017-02-16 20:11:53 UTC https://padlet.com/hmmoran17/evuqswxxgo76/wish/154453054 hmmoran17 https://padlet.com/hmmoran17/evuqswxxgo76/wish/154687929 A type of resource that I believe the profit motive reduces the waste of is recyclable materials such as plastic, paper, cans, and glass bottles. Producers that use recycled materials for their products save money, attract more eco-friendly consumers, and reduce, reuse, and recycle.]]> 2017-02-17 19:45:27 UTC https://padlet.com/hmmoran17/evuqswxxgo76/wish/154687929 hmmoran17 https://padlet.com/hmmoran17/evuqswxxgo76/wish/154691938 Something I have experienced diminishing marginal utility for is flashlights. Every new phone has a flashlight which would greatly decrease the amount of flashlights being produced.]]> 2017-02-17 20:02:52 UTC https://padlet.com/hmmoran17/evuqswxxgo76/wish/154691938 hmmoran17 https://padlet.com/hmmoran17/evuqswxxgo76/wish/154693895 2017-02-17 20:11:37 UTC https://padlet.com/hmmoran17/evuqswxxgo76/wish/154693895 hmmoran17 https://padlet.com/hmmoran17/evuqswxxgo76/wish/154693994 S]]> 2017-02-17 20:12:11 UTC https://padlet.com/hmmoran17/evuqswxxgo76/wish/154693994