Economic+Questions

Economic Questions and Scenarios

 * 1**. Well the one Coke has ice is giving you more for your money, but people when people want a soda they want it right away. (Demand)
 * 2**. If the United States handed out 50 dollars a day to any citizen of any age in the Bahamas, I would predict that it probably wouldn't help them. I predict this because all the clothing and food stores, airports and other buildings and companies would probably be shut down or wrecked due to the storm.
 * 3**. Movie theaters charge people different prices for tickets but the same prices for popcorn because popcorn is an higher demand and anyone will pay for it if they really want to eat; When they know that kids don't have jobs and if their prices aren't lower they won't be able pay for it. There for they know that adults do have jobs so their prices will be higher because they know they've got the money. Another reason why is because they make most of their money on the popcorn.
 * 4**. Here is a scenario where the demand of the product may be high. An iPod is coming out and it is right before Christmas, so many kids put it on their wish list. The kids also tell their parents that all the other kids have ones. So parents feel bad and they go to the store to get one, so they can meet their child’s wants and needs.
 * 5**. Here is a scenario where the demand of a product may be low. At certain stores where people make a lot of ugly clothes to put in stock thinking they will sell but they don’t, so they have to put all those clothes on clearance.
 * 6**. Here is a scenario where a business may increase the supply of a product. You’re at your favorite store and there is about twelve really cute shirts hanging up, the shirts are all different colors. You don’t have money though so you go home and come back the next day they. When you get there they are all gone. So you ask the cashier if they could order more they say yes because they sold so well.
 * 7**. Here is a scenario where a business may decrease the supply of a product. Say payless bought a whole bunch of sandals for summer but barley anyone bought them because they weren’t that nice. So the people who worked at the store put the sandals on clearance, there for causing them to lose money and not make as much profit.
 * 8.** Blue jeans that are a nice brand- $16.99, CD’s from a music store- $20.00, movie passes- $8.00 each, food from food court- no higher than $5.00.
 * Choice A-** Michaela could by1 pair of real nice jeans, one CD from the music store, a movie pass, and lunch from the food court.
 * Consequence A-** Michaela would buy all the things she wanted but she wouldn’t have any money left because of it; So if she was to see something different that she wanted she wouldn’t be able to get.
 * Choice B-** Michaela could by 2 pairs of jeans for $33.98 and still have $16.02 to spend on movie passes, lunch at the food court, or just to save.
 * Consequence B-** Michaela would by two of her favorite pairs of jeans but she wouldn’t be able to by a good CD.
 * 9**. **Choice A-** Alec could mow his neighbor’s lawn in the afternoon to get some money. Then he could go home to help his mother prepare supper. The next day he could call and see if Terry could play then instead.
 * Consequence A-** Alec would get some money so maybe him and Terry go somewhere like the movies or skating.
 * Choice B-** Alec could play with Terry, then mow his neighbor’s lawn, and then be late for supper.
 * Consequence B-** Alec would get in trouble by his parents for being late. They would ground him so the next day Alec would not be able to go places with Terry and the money he made yesterday.
 * 10**. **Choice A-** William and Cruz could charge everything for a dollar 50 to make it easier for themselves.
 * Consequence A-** No one would buy snacks from William and Cruz because their costumers would feel that their prices are too high.
 * Choice B-** William and Cruz could take time and find a good price for each item.
 * Consequence B-** William and Cruz would sell all their items get back the $50.00 dollars they had started with and make a profit.