Economics Project 1

Economics Project 1

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Storyboard Description

Donald Trump tries to find a way to fix our economy

Storyboard Text

  • I know we do, but how do you plan on doing so?
  • Ivanka, we have to make the economy Great Again
  • What if we uhhhhh...... Build A Wall?
  • Alright team our economy is struggling we need to find a way to fix it.
  • Or we could just use elasticity to our Advantage to increase our profit
  • I'm still liking the wall idea
  • Well you see, if we put taxes on Inelastic goods we will increase our profit because the demand for the product won't change.
  • One day, President Trump realized that there was a big problem with the was the U.S economy was running.
  • What is an Inelastic Good?
  • An Inelastic good is a good where no matter how much the price changes, the demand for the product won't change
  • Like Cigarettes.
  • President Trump then took this issue to his most trusted advisers where he got two very plausible solutions
  • Nice work Mr.Jenkins, I think this will work
  • Mr. Jenkins then went on further to explain his plan on how we can use taxes on inelastic goods in order to increase our revenue from the goods.
  • *Money Money Money*
  • Mr. Jenkins then furthered explained how Inelastic goods work, and how a tax on inelastic goods would benefit the economy.
  • President Trump approved Mr.Jenkins's Idea of taxing inelastic goods and went back to his office to wait for the results.
  • President Trump then went on to bathe in his piles of money that he earned from his understanding of economics and was singing his theme song.
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