Summer Class 2 by Ian Horner https://padlet.com/ianhorner3/qtxc9cmft5upjn3s Economics summer class 2 en-us 2020-07-14 14:38:12 UTC 2020-07-21 13:20:06 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/408221896/ea9eed7486e1d7fb0cb3a37c1ca8ddc3/u_762973741_698377886_fm_26_gp_0__1_.jpg 1 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260322 2020-07-14 15:14:07 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260322 2 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260366 2020-07-14 15:14:10 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260366 3 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260453 2020-07-14 15:14:15 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260453 5 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260661 2020-07-14 15:14:28 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654260661 6 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261043 2020-07-14 15:14:53 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261043 7 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261405 PED>1:
water
Because water is the necessities goods.
PED<1:
jewelry
Because jewelry is luxury goods.]]> 2020-07-14 15:15:12 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261405 8 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261515 Elastic: diamond ring
Inelastic: natural gas
Natural gas is the necessity in life. No matter how the price changes, the demand of it remains the same.

]]> 2020-07-14 15:15:19 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261515 10 https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261753 Inelastic: Electricity
Because electricity is necessary in our lives, we will get it no matter the price.
Elastic: Apples and peaches are the substitutes, They are easy to switch with each other, so the PED will be elastic.


]]> 2020-07-14 15:15:31 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/654261753 11 yczong_luna https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/658072421 PED 
inelastic: drinking water. because it's a necessity. people needs to drink water everyday.
elastic: some very expensive cars. because they're luxuries.]]> 2020-07-20 03:06:45 UTC https://padlet.com/ianhorner3/qtxc9cmft5upjn3s/wish/658072421