https://padlet.com/gregdiaz/me90lqacmcy5 en-us 2017-01-04 02:41:55 UTC 2017-01-04 18:27:09 UTC hello@padlet.com robertsearway https://padlet.com/gregdiaz/me90lqacmcy5/wish/145331531 People pay a premium price to just buy it off of ebay. The "scalpers" may have waited in line before opening to get a limited supply of iphones to sell on the first day. ]]> 2017-01-04 17:48:45 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145331531 alexnabors https://padlet.com/gregdiaz/me90lqacmcy5/wish/145331789 The seller included a buy it now price on their auction. That doesn't mean the item sold for that price, or that there was demand for it at that price. If you look closely, there were 10 minutes left in the auction and the bid was about 100 dollars above retail; it probably ended close to that amount. Obviously, because it sold out as quickly as it did, the demand exceeded supply when it was released. The initial price could have been higher.]]> 2017-01-04 17:49:27 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145331789 jeffwarn https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332045 The supply has diminished, yet there is still a demand. People are willing to pay that price to get the phone!]]> 2017-01-04 17:50:10 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332045 djensen12 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332330 The iPhone was sold out but was still desired by many. Therefore, if someone wants it and is willing to pay whatever price for it, a person can charge what ever price someone is willing to pay.]]> 2017-01-04 17:50:50 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332330 corycasteel https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332554 To this speaks to our consumer society and the gap between the haves and the have nots.]]> 2017-01-04 17:51:19 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332554 vstudebaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332582 The price can be so different because the demand for the product is high, but the supply for the product is low. People placed bids for the product so the price increased. If there wasn't such a high demand for the product the price wouldn't be increasing as much. 

]]> 2017-01-04 17:51:24 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332582 arellano2020 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332644 The phone can be sold for that amount because the demand for the phone is high and the supply is low. People are willing to pay more just to have it first and that is why the EBAY seller could double the price. ]]> 2017-01-04 17:51:32 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332644 brianbaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332725 People will pay the amount they feel a product is worth.]]> 2017-01-04 17:51:45 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332725 maggiechudoba https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332881 The price was different because people wanted the new "in" toy. They were willing to pay almost anything for it now, instead of waiting. ]]> 2017-01-04 17:52:07 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145332881 yromo https://padlet.com/gregdiaz/me90lqacmcy5/wish/145334735 The love of "I want" no matter what.  
People don't really care when it comes to something they want. They will pay  any price for it causing the supplies to rise its prices humongously for those who are less fortunate. ]]> 2017-01-04 17:57:47 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145334735 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335112 The buyers acted normal for Americans.]]> 2017-01-04 17:59:12 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335112 roztaulbee https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335416 This is an economic concept.  When the supply diminishes to the ratio of the demand for any product, the price increases.  If anyone wants something badly enough, they are willing to pay the price or barter with the seller to establish a compromised price.  It's capitalism at its best.

]]> 2017-01-04 18:00:17 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335416 jeffwarn https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335831 People are crazy. ]]> 2017-01-04 18:01:42 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335831 djensen12 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335885 Adults are ridiculous. We are responsible for teaching our children the difference between want and need and for being grateful for what we have.]]> 2017-01-04 18:01:52 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145335885 robertsearway https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336011 American consumerism at its best. Good for the economy?]]> 2017-01-04 18:02:23 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336011 maggiechudoba https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336072 People are crazy!]]> 2017-01-04 18:02:34 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336072 vstudebaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336284 I am not honestly surprised to see adults acting like this. It's sad to say, but as a society we are so enthralled with the "must have" product. If we don't get it, we feel  our life is over. ]]> 2017-01-04 18:03:10 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336284 arellano2020 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336343 I am not surprised how these adults reacted. People still act this way with something they want and the supply is low. For example, the Nintendo NES classic was a big thing people wanted this past Christmas. People are will to wait in line for hours to purchase something they want. ]]> 2017-01-04 18:03:25 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336343 corycasteel https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336557 The media helped create these crazes. Once the word gets out that a product is in demand it fuels the fire. It has become societal conditioning.]]> 2017-01-04 18:04:09 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336557 jeffwarn https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336561 If given the opportunity, I would be willing to pay $19.99 with the sole intent on placing the item on eBay. Again, this is a personal amount that I am willing to "gamble" in an effort to make a profit.]]> 2017-01-04 18:04:10 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336561 brianbaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336713 People are capable of becoming mindless sheep that will do anything regardless of logic and reason.]]> 2017-01-04 18:04:42 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336713 djensen12 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336741 There is an inherent value built into to an item based on the time spent to create it and the value of materials. However, although an item might be worth the cost because of quality of workmanship and material, I may not want to pay that much. Budget, need, want, etc.]]> 2017-01-04 18:04:49 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145336741 alexnabors https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337094 Substitute goods. Tell your kids to be grateful.]]> 2017-01-04 18:05:47 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337094 arellano2020 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337134 I would pay the $20 for the doll, it is bigger than the beanie babies and it is made of more material. ]]> 2017-01-04 18:05:55 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337134 maggiechudoba https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337146  I can’t imagine wanting something so badly that I would pay and behave irrationally.  

]]> 2017-01-04 18:05:57 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337146 vstudebaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337427 After watching the video about the CPK, I think I would still pay the same about as before, which would be $25. I would pay more than what I paid for the beanie babies because it is a bigger item with more material. Even though there was a really high demand for the product (crazy shoppers), I still don't value it more that than. ]]> 2017-01-04 18:06:57 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145337427 brianbaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145339132 I would pay about $20]]> 2017-01-04 18:13:10 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145339132 maggiechudoba https://padlet.com/gregdiaz/me90lqacmcy5/wish/145339371 The words that are highlighted all have to do with supply and demand.  

It shows that companies know what they are doing.]]> 2017-01-04 18:14:02 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145339371 robertsearway https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340412 Supply and demand and pricing. How things become priced based on market demands intentionally and unintentionally.]]> 2017-01-04 18:17:12 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340412 arellano2020 https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340597 It is focusing on words that will help students understand the meaning  of Supply and Demand. It's vocabulary and context clues. ]]> 2017-01-04 18:17:40 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340597 yromo https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340645 Normal behavior for black friday shoppers.
This just makes me wonder about what parents are teaching their own kids in terms of Priorities, values and differences between wants and needs.

]]> 2017-01-04 18:17:48 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340645 vstudebaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340966 The words are highlighted so students can focus on the vocabulary for this lesson. They all tie into economic theory of supply and demand. ]]> 2017-01-04 18:18:45 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145340966 alexnabors https://padlet.com/gregdiaz/me90lqacmcy5/wish/145341267 2017-01-04 18:19:47 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145341267 jeffwarn https://padlet.com/gregdiaz/me90lqacmcy5/wish/145341278 The highlighted phrases are referencing the law of supply and demand.]]> 2017-01-04 18:19:49 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145341278 brianbaker https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342139 They are academic and content vocabulary. They are all related to economics.]]> 2017-01-04 18:22:31 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342139 corycasteel https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342357 They are highlighted to focus the readers attention to the important concepts of the writing.]]> 2017-01-04 18:23:13 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342357 yromo https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342567 My single person perspective says not to pay more than $20 for it.  
Thinking about a parent perspective, I will pay up to $60 dollars just to see my child happy, if that is the toy my daughter really, really wants. ]]> 2017-01-04 18:23:47 UTC https://padlet.com/gregdiaz/me90lqacmcy5/wish/145342567