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      <title>AP Economics Ch 3 by Jason SanNicolas-149003909</title>
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      <description>Demanding supply</description>
      <language>en-us</language>
      <pubDate>2017-08-31 14:36:04 UTC</pubDate>
      <lastBuildDate>2017-09-08 14:53:01 UTC</lastBuildDate>
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      <item>
         <title>Law of Demand</title>
         <author>149003396</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964320</link>
         <description><![CDATA[<div>As prices go down, demand increases. When prices go up, demand decreases. This is a inverse relationship between the price and demand system. </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:42:29 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964320</guid>
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      <item>
         <title>Demand</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964713</link>
         <description><![CDATA[<div>Various amounts of products consumers are willing <strong><em>and</em></strong><strong> </strong>able to buy during a specified period of time.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:43:33 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964713</guid>
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      <item>
         <title>Determinants of Demand</title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964796</link>
         <description><![CDATA[<div>Consumer's Taste <br>Number of Buyers<br>Consumer's Income <br>Prices of Related goods <br>Consumer Expectations</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:43:44 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183964796</guid>
      </item>
      <item>
         <title>Diminishing marginal utility</title>
         <author>149003396</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183965183</link>
         <description><![CDATA[<div>When satisfaction decreases the more you buy or consume a certain product. For example if you buy 20 cookies, the first cookie will taste amazing, the second cookie will taste great, the third cookie will taste good, and so on. The taste and satisfaction of the cookie will be less and less every time. </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:44:50 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183965183</guid>
      </item>
      <item>
         <title>Income Effect</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183965564</link>
         <description><![CDATA[<div>With products having lower prices, you are able to buy more , and higher priced goods make you able to buy less.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:45:48 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183965564</guid>
      </item>
      <item>
         <title>Substitution Effect</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966025</link>
         <description><![CDATA[<div>Suggests that at a lower price, consumers have more incentive to buy in comparison to the similar products that are more expensive, so it is a "better deal"</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:46:49 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966025</guid>
      </item>
      <item>
         <title>Complementary Good</title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966378</link>
         <description><![CDATA[<div>A good that corresponds with the transactions of another product<br><em>Ex:</em> Computers and software</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:47:41 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966378</guid>
      </item>
      <item>
         <title>Demand curve</title>
         <author>149003396</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966530</link>
         <description><![CDATA[<div>Demand curves show us that if the slope is going downward  people are buying more of a certain product as its price is decreasing and that is considered an inverse relationship. </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:47:59 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183966530</guid>
      </item>
      <item>
         <title>Changes in Demand</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183967083</link>
         <description><![CDATA[<div>Changes in what is <strong>actually demanded</strong>(being the product), can shift the curve to either the <strong>left</strong> or the <strong>right. </strong>Left means that demand is decreasing, while to the right is increasing. To the right is that for more goods, consumers are willing to pay higher prices, and vice versa.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:49:17 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183967083</guid>
      </item>
      <item>
         <title>Change in Quantity of Demand</title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183967397</link>
         <description><![CDATA[<div>The <strong><em>movement</em></strong> from price-quantity to another. Another </div><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:50:02 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183967397</guid>
      </item>
      <item>
         <title>Substitute Good</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183968527</link>
         <description><![CDATA[<div>A good that can be used in place of another good<br><em>Ex: </em>Varying brands of ice cream</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:52:27 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183968527</guid>
      </item>
      <item>
         <title>Normal Goods</title>
         <author>149003396</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183969726</link>
         <description><![CDATA[<div>Products in which the demand relies upon the consumer's income. <br><em>Ex:</em> Luxury cars, mansions, etc.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:55:06 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183969726</guid>
      </item>
      <item>
         <title>Inferior Goods</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/183969776</link>
         <description><![CDATA[<div>The kinds of products you would buy if you have a lower income, so cheaper products are the primary product you consume.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-08-31 14:55:12 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/183969776</guid>
      </item>
      <item>
         <title>Price Ceiling</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185886556</link>
         <description><![CDATA[<div>This is the absolute highest price a price could go, opposite of a floor(ceiling is at the bottom), by having a ceiling there is a shortage.</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:33:30 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185886556</guid>
      </item>
      <item>
         <title>Price Floor</title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185886702</link>
         <description><![CDATA[<div>the minimum fixed price made by the government. This is located above the Market Equilibrium where anything between the floor and the Equilibrium is a surplus of supply in the market</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:33:48 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185886702</guid>
      </item>
      <item>
         <title>Determinants of Supply</title>
         <author>149003294</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185888440</link>
         <description><![CDATA[<div>Resource prices<br>Technology<br>Taxes and subsidies<br>Prices of other goods<br>Producer expectations<br>Number of sellers in the market</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:37:10 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185888440</guid>
      </item>
      <item>
         <title>Equilibrium price</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185889238</link>
         <description><![CDATA[<div>The exact amount where whatever is produced will sell(Supply meets demand)</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:38:40 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185889238</guid>
      </item>
      <item>
         <title>Allocative Efficiency</title>
         <author>157002521</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185891013</link>
         <description><![CDATA[<div>Creating a <em>particular mix </em>of goods and services that society wants at the least possible price and in the most efficient way</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:42:07 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185891013</guid>
      </item>
      <item>
         <title>Productive Efficiency </title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185891277</link>
         <description><![CDATA[<div>Producing a particular good in the least costly way</div>]]></description>
         <enclosure url="" />
         <pubDate>2017-09-08 14:42:38 UTC</pubDate>
         <guid>https://padlet.com/149003909/xkmjzaebqrk8/wish/185891277</guid>
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      <item>
         <title></title>
         <author>149003909</author>
         <link>https://padlet.com/149003909/xkmjzaebqrk8/wish/185895632</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-09-08 14:52:34 UTC</pubDate>
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