https://padlet.com/tayla_douglas/lgb5oco8dmti What did you learn when selling or surviving on Skeleton Island? en-us 2018-05-01 02:21:08 UTC 2026-03-17 01:41:34 UTC hello@padlet.com https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852548 Scarcity is when an object becomes more rare the price increases]]> 2019-10-24 05:48:52 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852548 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852665 Scarcity is when a specific item is scarce and there is not much of it left and people have higher demand for the item.]]> 2019-10-24 05:49:45 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852665 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852668 I learnt that when there is less of that one  good, the price increases.]]> 2019-10-24 05:49:47 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852668 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852736 Today I learnt that scarcity means when something has a high price its because they are running out on that item or the item is rear. They make the price higher as it is the last of the item. That is scarcity!!!(:]]> 2019-10-24 05:50:15 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852736 lilpinklilpink15 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852739 2019-10-24 05:50:17 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852739 lilpinklilpink15 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852761 Today I learnt about how company's shall raise the prices when there is a high demand, yet when they have a lot the price goes down, then I learnt that when there are multiple company's selling the same things, The demand goes down! :)]]> 2019-10-24 05:50:28 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852761 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852788 Today we learnt that when there is a large amount of one item the price is lower but when an item is scarce (less amount limited) the price is higher. Eg. I diamond could cost a larger amount because diamonds are difficult to locate and buy whereas milk is cheap because there is more of it and it is easily accessible.]]> 2019-10-24 05:50:38 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852788 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852810 Demand is when people want lots of goods]]> 2019-10-24 05:50:46 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852810 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852856 Today I learnt that when there is limited supply/product the price will most likely increase but when there is lots of supply it is normally not as much $$$$. ]]> 2019-10-24 05:51:06 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852856 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852919 Today I learnt that when there is limited supplies the prices go  up]]> 2019-10-24 05:51:30 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852919 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852922 I learnt that when you don't have a lot of things in stock most people make there things more expensive when you have lots of things in stock most people make is cheep ]]> 2019-10-24 05:51:32 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852922 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852928 is when there isn't as much



]]> 2019-10-24 05:51:34 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852928 logan_jarvis https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852952 I found that when you do mate rates you loose a lot of many and resources ]]> 2019-10-24 05:51:44 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852952 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852967 On this day, me and my fellow classmates learnt about scarce products and scarcity. in particular, i learnt that when there is less of the item (eg. water since there may be drought), the producers of that item decide to use that to advantage and make the price higher since there is less of it, and that is what you call scarce. :)]]> 2019-10-24 05:51:49 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401852967 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853039 If you compare a diamond to a milk, the diamond is always going to be the highest because there is less of it.
-Emily]]> 2019-10-24 05:52:12 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853039 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853066 I learnt that scarcity means that when a event happens or you have a low stock of an item the price goes up etc in a drought waters price would go up because of the demand for water.]]> 2019-10-24 05:52:23 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853066 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853114 I learned that when something is scarce the price goes up and when it is easy to get the price is low
for example in the game there was only one insect repellant per seller which made the seller make it more expensive]]> 2019-10-24 05:52:39 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853114 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853123 Scarcity is when there is not a lot of something.

]]> 2019-10-24 05:52:43 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853123 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853146 When supply gets lower the price increases $u$]]> 2019-10-24 05:52:53 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853146 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853166 2019-10-24 05:53:01 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853166 tayla_douglas https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853169 Today I learned that when the supply for an item becomes scarce, the consumers usually bring a higher demand. Due to this, the price becomes higher so that the seller can earn more money. $$]]> 2019-10-24 05:53:02 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853169 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853181 2019-10-24 05:53:07 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853181 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853198 Me and my fellow mates, learnt that scarcity means when something has a high price, its because they are running out on that item or the item is rear. They make the price higher as it is the last of the item. The items get limited and need to be sold quicker so it goes more cheaper or more expensive, if it is to expensive not much people would buy the equipment or product.:)]]> 2019-10-24 05:53:13 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853198 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853208 Today I learnt that demand is when a item is rare it has lots of value like a emerald, diamonds and ruby. ]]> 2019-10-24 05:53:17 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853208 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853270 Skeleton island is a game I played with my class. It was hard to survive because in order to live you needed to buy one bottle of water each day, a fishing rod and mozzy spray if you wanted to survive. The hard thing was that there are six sellers and each seller had one spray. So if you didn't get a mozzy spray the first round (because everyone tried to get one on the first round) you were out so that was scarcity. If you also tried to get a bug/mozzy spray they charged more than if there was a large supply!!!]]> 2019-10-24 05:53:45 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853270 lilpinklilpink15 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853271 The meaning of scarcity is: a state of being scarce or in short supply and or shortage, And demand can go extremely high BUT! If they raise there prices too much, no one will buy it.

]]> 2019-10-24 05:53:45 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853271 logan_jarvis https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853365 2019-10-24 05:54:26 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853365 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853373 Today, we played a game called skeleton island. There were 6 sellers and the rest were buyers. The sellers were given 20 waters, 3 rods and 1 insect repellent. In on day, buyers needed to buy one water a day and a rod and an insect repellent within the game. As the days go buy and the stock was limited all the prices were cheap to begin with but as items became more scarce prices became more expensive

]]> 2019-10-24 05:54:29 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853373 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853444 2019-10-24 05:54:57 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853444 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853459 I leaned that when not that ]]> 2019-10-24 05:55:01 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853459 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853467 I learnt when there is limited supply/product people will rush and hurry and spend as much money as they need to, to get that product/supply.]]> 2019-10-24 05:55:05 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853467 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853580 Today I learnt that demand is when an item is rare it has lots of value and ]]> 2019-10-24 05:55:56 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853580 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853829 when supply gets lower the item costs more money]]> 2019-10-24 05:58:07 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401853829 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401854153 2019-10-24 06:00:19 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401854153 https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401854224 2019-10-24 06:00:49 UTC https://padlet.com/tayla_douglas/lgb5oco8dmti/wish/401854224