Supply & Demand

Supply & Demand

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  • Supply & Demand
  • Man that's way too expensive. I'm pretty sure that guy over there hung himself over those prices
  • Do you want this Wheat, only $250 per Wheat
  • Supply & Demand
  • Wheat now only $15
  • Nah. Wheat is too mainstream now
  • Supply & Demand
  • Wheat now only $35
  • Seems reasonable
  • This is where a rabbi wants to sell wheat to an emo kid, but the price is too much for the kid, and the price is too much because there isn't a lot of it
  • competition
  • Oi kid! If you want to go to space I can send you there for only $100
  • I can send you there for only $50
  • I'll send you for free!
  • This is where the rabbi has a lot of wheat to sell but the emo kid doesn't want it
  • Consumers & Producers
  • This is where the rabbi sells the wheat to the kid because the kid wants it and it's at a reasonable price
  • The Types of Economy
  • People, people, it's ok the government will be making all the decisions about how to solve scarcity, and we own and manage the items to produce goods, and we also decide what will be produced and decide how touse limited resources
  • This shows two astronauts trying to send this baby into space and they have to compete with each other so they decide to lower their prices
  • $25
  • This shows 2 people selling two different items at two different prices but the consumers (Jack and Rose) buy the one that they think they need the most or the one they want
  • Doors! get your doors only $100!
  • Nah let's get the door.
  • Should we get the raft, it looks like we'll hit that iceberg
  • Rafts! Get your rafts only $50!
  • We should have a mixed economy, that's more fair to us and the government, at least we make some decision, or better yet a market economy, that's where we make all the decisions!
  • This shows the different types of economies, Planned: where the government make all decisions, Mixed: where the people and government make decisions, Market: where the people make all the decisions
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