https://padlet.com/jamie_hoofnagle/6thperiodsuppdem TASK: Give 3 present day examples of how supply and demand can impact the prices of goods and services en-us 2016-11-28 18:02:11 UTC 2025-10-11 02:34:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140296494 the price of living in the USA is 6.01% higher than in the UK . And the rent in the USA is 26.71% higher than in Hong Kong ( info from Numbeo)]]> 2016-11-28 18:54:23 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140296494 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140296998 2016-11-28 18:55:41 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140296998 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140299873 Good 1)Iphone 7 is a good because you can use it to call people 
Good 2)computer is a service because it helps youtubers upload videos
Good 3)

]]> 2016-11-28 19:02:44 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140299873 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140300021 2016-11-28 19:03:08 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140300021 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140304208 prices) ]]> 2016-11-28 19:12:36 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140304208 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618262 One example is that there is a high demand for an exclusive box of honey nut cheerios but there is a low supply, so the price would increase so the company would get a higher profit.  Another way is that when the supply of poptarts is high but the demand is low  the prices decrease because the company wants to encourage people to buy the product.
 Lastly there are an increase of cars in the United States, so the demand for gas increases but the rate of production stays the same, so the price would increase because the gas company would want to profit in money off of the gas.]]> 2016-11-29 18:46:08 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618262 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618431 Supply:
 if there were 3 boxes of cereal on the shelf and 4 people wanted it that would an example of supply effecting demand.
Another example is if the U.S. needed oil and Another country had oil but needed money then we would buy the oil and the other country would get the oil.
If Walmart had some gum that everybody wanted but they started to run out then they would have to raise the price of the gum since they were running out.

Demand:
Let's go back to the Walmart situation. Say that  no one was buying the gum. Then, they would have to lower the price. 
Next example: A new book just came out and since there is high demand for it, they had to increase the price for multiple reasons. 
Some one went to the supermarket and bought all but 5 cans of sour cream and onion Pringles. There is now a high demand for sour cream and onion Pringles (and a whole bunch of angry people too). So, they would have to restock (thats a lot of Pringles to restock), or charge a higher price for them.]]> 2016-11-29 18:46:29 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618431 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618476 Examples of services (1) is Mcdonalds since it is a job supply is just food, drinks, and ice cream and the demand is pretty high there since it sells food like fries that people like.(2) Another example is a teacher since they give us knowledge that we need. The supply of knowledge is infinite since knowledge is always expanding and and the demand for knowledge is super high. (3) Finally, firefighters because they are doing a job for us like putting out fires . The supply is high because safety is important. The demand is high because there have been a lot of forest fires recently.]]> 2016-11-29 18:46:36 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618476 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618570 good 1) this summer the iphone 7 was released from apple. The demand was high therefore the price went up. then the demand went down. that good is no longer very demanded for that much since everyone has one now. 
2)a computer is a good because it can be used for work like if you are an author the you will have to type your book.then send it to the publishers. when the microsoft computer thing came out people were camping out just to get one that means the demand was high while the cost was too.
3)food is a type of good because you can buy it so you dont starve to death. the demand of food is high EVERYDAY.  therefore the price low.


Service 1)a hair salon person is a service because they cut your hair for you . therefore they did a job for you
2)Taco Bell is a service because they serve you food to eat. therefore they are doing a job for you 
3)hotel is a service because they prepare a room for you to live in .therefore they are doing a job for you.]]> 2016-11-29 18:46:48 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618570 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618910 services: A service is an act of activity or or help being done by humans(info from dictionary.com).For an EX. A policeman or woman is a service because they are helping the city by capturing bad people. ]]> 2016-11-29 18:47:34 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140618910 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619170 Services 2.) If someone offered to mow someone else's yard but they didn't really need then the price would be higher.

Services 3.) The reason why the prices change is because if there is a lot of something then they need people to buy them so they lower the price and if there is little of something then they will raise the price so that there will be less compatition.]]> 2016-11-29 18:48:09 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619170 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619181 prices) How much a good or service cost. 1)price of cereal,2)price of Lebrons.3) price of Mclaren P1 

Goods) something that is tangible. Also something sold in stores. 1) Watermelon 2) cell phones 3) Ipad.

services)  Helping or doing something for someone. 1) Maid 2)  mowing the lawn for someone 3)helping someone clean up

supply) how much of good or service  you have in stock. 1) how much you have of food 2) how much you have of shoes 3) how much you have of clothes.

Demand) How much the consumer wants the good or service. 1) i want a car 2) I want an animal 3) I want some food.]]> 2016-11-29 18:48:10 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619181 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619317 1)A good is some thing you can sell like a car you can sell a car the person that is selling you the car is also providing a services.2) A services  is helping doing a task,job for some one .3) supply. supply is how many goods or services you have.4)prices are how much your good or services cost.5)Demand is how much people want or need of a good or service.1)supply and demand can in pact goods and services by service can make money that can be a good an services.]]> 2016-11-29 18:48:30 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619317 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619328 market economies determine the prices of a good based on supply and demand because if you go to the store and there are 2 boxes of cookies and 6 people want to buy them they will sell them for a higher price this is because of scarcity and supply and demand so the people will sell a good for more if there is a scarce supply if there is a high supply they will sell a good for more another example is if there are 12 boxes of cookies and only a few people that want them they will sell them for less.]]> 2016-11-29 18:48:31 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619328 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619578 a good is some thing you can sell a car ]]> 2016-11-29 18:49:04 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619578 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619960 Goods: a good is something you can buy,for example a teddy bear. ((Services)): A service is something you do for someone or make like a mc donalds. ((Price)): Price is hOW much something cost. $1.00

((Supply)): Supply is how much of something you have.

((Demands)): Demands is how much of the supply people want,how much people want something.

((3 Examples of a good)) are a teddy bear because you are supposed to play with it,the 2nd example is a car because you dont really need it and you can go places without it,the 3rd example is a skateboard because you dont haft to have a skateboard to go places and have fun.

the prices of goods and services are determined by supply and demand because if the supply is low on something then you would want to raise the price so that you would keep the good longer,and demand determines the price because if the demand is low then you would lower the price so that more people will buy it.

]]> 2016-11-29 18:50:03 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140619960 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140620542 3 example of goods are 1. i phone 3 cause not as popular so the price would go down 2.a chromebook cause it is popular we use them so the price was up cause we bought alot so the price went up . 3.TV is an exsample because it is very popular so the price would go up .3 examples of services are plumbers,builders and teachers. plumbers are an example because they help us when we need our bathrooms fixed so the price may go down because not may people need there bathroom fixed every day. builders because they fix and make building in the city so the price would go up because the builders make house so they work long and hard.teachers because they teach us math, sciences and history so the price would go down because there are so many teachers. ]]> 2016-11-29 18:51:21 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140620542 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622253 a good is some thing you can sell a car like a Toyota example i'm trying to buy a car so i can go place to place like school or home or to store.
another good is like i'm buying a phone so if i have practice at school i can call my parents so they can come pick me up and take me home .
another good is a toy so you can play with it at home so you cant be bored at home so you have a activity to do.]]> 2016-11-29 18:55:01 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622253 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622264 1.)The iphone 7 has little supply and has high demand so it is high priced.2.)A box of homemade cookies has high supply but little demand so they lowered the price so people will say it is a good deal and they will start buying it.3.)Kyries has little supply and high demand so they raised there prices to get more money to make a profit off the shoes they sold to make enough money to make more stock for more shoes.That is three examples of how supply and demand can impact the prices of goods and services. ]]> 2016-11-29 18:55:02 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622264 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622553 Services 2.) If someone offered to mow someone else's yard but they didn't really need then the price would be higher.

Services 3.) The reason why the prices change is because if there is a lot of something then they need people to buy them so they lower the price and if there is little of something then they will raise the price so that there will be less compatition.

Services 1.) If someone offered to mow your lawn and you really needed it then the price would be lower.

Goods 1.) If you wanted a phone and a new version had come out then the older version would be at a lower price.

Goods 2.) If you wanted the new model of a car then the price would be higher because everyone would want it.

Goods 3.) The reason prices are higher and lower is because if there were a lot then they would want to get rid of them so they would lower the price and if there were a few and a lot of people wanted it then they would raise the price so there would be less compotition.]]> 2016-11-29 18:55:40 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622553 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622720 SUPPLY: An amount of a good or service 
DEMAND: The amount each person wants of the supply.


it effects the present day economy in the US because the prices of homes by 10% more in the United States. ]]> 2016-11-29 18:56:06 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140622720 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140629566 2016-11-29 19:11:24 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140629566 https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140629611  ]]> 2016-11-29 19:11:33 UTC https://padlet.com/jamie_hoofnagle/6thperiodsuppdem/wish/140629611