https://padlet.com/jason_guzzardo/lndg9rxte6uo Post your assigned vocabulary term. an example of your term. use your term in a sentence en-us 2017-08-30 15:24:28 UTC 2017-08-31 13:20:26 UTC hello@padlet.com jason_guzzardo https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183713827

Texas may experience scarcity in fuel due to the recent hurricane.

Example: The gasoline shortage in the 1970's.

]]> 2017-08-30 15:33:06 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183713827 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183921655 - In the fouth quarter, sales growth outpaced the increase in variable cost. 
- Example: Raw materials, energy usage, labor, and distribution costs.
TAYLOR COX]]> 2017-08-31 12:48:07 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183921655 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183921965 - Firms are only able to influence prices through adjustments made to production levels.

- Example: Mining and energy giants have been hit especially hard by the fall in iron ore, coal, copper and other commodity prices, underscoring their high fixed costs in the short run

Queze Boykin


]]> 2017-08-31 12:49:19 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183921965 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183922208 Demand is a popular want for a certain good. 
The demand for school supplies had risen within the last month. 
                               MEAGAN MARTIN]]> 2017-08-31 12:50:11 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183922208 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926598 Microeconomics focuses in a given section of the economy.
Example: monopoly,cost of production, and theory of production     -Luis Oxlaj]]> 2017-08-31 13:04:05 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926598 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926879 Is the in an individual's or economy's income and shows how that change impacts the quantify demanded of a good or service.

- Example
   when an individual's income increases, that person demands more goods and services, thus increasing consumption, all things equal.


Edwin Romero

]]> 2017-08-31 13:04:59 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926879 anhduk https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926932 Used to describe many excess assets including income, profit,capital and goods
Sentence:The surplus for the year amounted to $65,000,000.00
Anhiya Dukes]]> 2017-08-31 13:05:08 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183926932 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183927088 When the government control on how high a product can cost.
-Edgar Gomez]]> 2017-08-31 13:05:38 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183927088 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183927853 The benefit gained from consuming one additional unit of a good or service
-Bradley Post]]> 2017-08-31 13:08:05 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183927853 tahget https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928054 In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply (surplus).example: The farmer's Market had a shortage of planting equipment.
                                         Tahirah Geter]]> 2017-08-31 13:08:35 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928054 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928838 The change in a demand  of a good or service brought on by change in consumers income.]]> 2017-08-31 13:10:15 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928838 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928871 market equilibrium is the market state where the supply in market is equal to the demand in the market.
        
oscar duarte]]> 2017-08-31 13:10:19 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183928871 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183929884 - A person or thing acting or serving in another place.
Example:  There were multiple substitutes in the game because the coach could see that his players were exhausted.

Jason Ruiz]]> 2017-08-31 13:12:51 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183929884 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183929970 -A change in price will cause an equal proportional change in quantity demand.
-For example, if Sandy raises the price of her famous oatmeal raisin cookies by $1.00, the unit elastic demand for that $1.00 increase would result in a decrease in the quantity demanded by one unit.
-Ariel Brown]]> 2017-08-31 13:13:00 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183929970 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930282 any change in price can result in changes in supply and demand 
- if a demand for a product is price elastic, a supplier stands to gain extra revenue if they reduce the prices  
Malaysia Turner]]> 2017-08-31 13:13:50 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930282 brewil https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930488 Inelastic is an economic term used to describe the situation in which the quantity demanded or supplied of a good or service is unaffected when the price of that good or service changes.]]> 2017-08-31 13:14:30 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930488 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930501 government- or group- imposed price control or limit on how low a price can be changed for a product.  
   
The government used price supports to maintain the price floor. 

Brittany Dumas]]> 2017-08-31 13:14:33 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930501 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930642 A sum of money granyed by the government of a public body to assist and industry of business so that the price of commodity or service may remain low or competitive 
Michelle's organization was running a deficit, so when the new financial year began, they accepted a government subsidy in order to lower their cost 
zamaya strickland]]> 2017-08-31 13:14:55 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930642 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930661 States that all factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease, and vise versa 
 Example: a consumer will purchase more pizzas if the price of the pizza falls. The opposite is true if the price of the pizza rises

-Patience Phelps ]]> 2017-08-31 13:14:59 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930661 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930716

the amount of money expected, required, or given in payment for something.

]]> 2017-08-31 13:15:11 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183930716 https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183931867 the degree to which a demand or supply is sensitive to changes in price or income.

Citlalic Torres]]> 2017-08-31 13:18:09 UTC https://padlet.com/jason_guzzardo/lndg9rxte6uo/wish/183931867