Hailey's Supply and Demand by Hailey Sherman https://padlet.com/haileymariesherman18/f2afmpfc0691 Supply and Demand Gallery en-us 2017-10-05 18:09:31 UTC 2017-10-11 05:30:22 UTC hello@padlet.com haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194451919 Knowing and understanding Supply and Demand is important because you won't know how pricing works. You also won't understand why prices go up or why some products don't get sold anymore or are made less. ]]> 2017-10-05 18:28:38 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194451919 1. Gasoline is too expensive but you need it. haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194456062 I was filling my gas tank up after I heard about the Texas floods talking about how gas prices were going up and I was like "crap and I still have to pay for it." ]]> 2017-10-05 18:36:35 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194456062 2. Shampoo and conditioner on sale and I've got it for days haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194457193 When I was going to the store to get some stuff for my homework and I saw my favorite shampoo and conditioner was on sale so I bought three sets instead of one set. ]]> 2017-10-05 18:38:58 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194457193 3. When coffee is a little to expensive sometimes haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460734 Something I bought in substitute for a good or service was coffee. I wouldn't have enough money to get Jo To Go so I would go to Da Bean or Hays to get my coffee. ]]> 2017-10-05 18:46:02 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460734 4. Something you think suppliers might be supplying more of in the near future because you believe the price will likely increase haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460766 2017-10-05 18:46:07 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460766 5. Something that represents a cost of production for a product you purchased haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460820 2017-10-05 18:46:14 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460820 6. Something you believe the profit motive helps to reduce wasting of haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460893 2017-10-05 18:46:23 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460893 7. Something for which you have experienced diminishing marginal utility haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460919 2017-10-05 18:46:26 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194460919 8. Healthcare is not your choice to be elastic haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461636 When I broke my elbow my parents didn't have a choice or not to fix it or get me some help. ]]> 2017-10-05 18:47:51 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461636 9. A service that has inelastic demand to most people haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461661 2017-10-05 18:47:55 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461661 10. Television isn't needed sometimes haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461698 My parents changed the TV carrier because they were paying too much for the carrier. ]]> 2017-10-05 18:47:59 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461698 11. A service that has elastic demand to most people haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461740 2017-10-05 18:48:05 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461740 12. Something that you believe has and increase inelastic demand quality to you because of how you view it haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461785 2017-10-05 18:48:10 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461785 13. Something you believe is a recent example of elastic supply haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461809 2017-10-05 18:48:14 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461809 14. Cars are always going to be a needed product. haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461842 I believe cars will always be an inelastic product because no matter how expensive the car depending on the car. If someone needs a car they well get a car if they can afford it. ]]> 2017-10-05 18:48:18 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194461842 15. Something you believe technology/ other advancement is changing the elasticity of supply of haileymariesherman18 https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194462896 2017-10-05 18:50:05 UTC https://padlet.com/haileymariesherman18/f2afmpfc0691/wish/194462896