1. Unemployment (Not having a job) 2. Inelastic (Unchanging) 3. Market Price (Current price) 4. Import (Delivered from another country) 5. Producer (The company selling the goods or services) 6.Demand (People who wan the product) 7.Supply (The amount of a good the company produces)
Hi Lisa, since I'm unemployed I've been spending all my time looking for a job. I've been sending my resume to all different places with the rate I want.
Hi Liz, what have you been doing these days?
I have been trying to get a job so that I can pay bills and go shopping. The price of the bag I want is inelastic so it wont change.
What is the price?
The market price is $220.
Why is it such an expensive product?
This purse is imported from Japan. It takes a bit of time for it to be transported to the US.