Demand Headlines

1.Complementary Demand: "The summer weather meets record highs" swimsuits and goggles sales double.
2.Substitute Demand: "Nutella has reports of salmonella" Sales go up for peanut butter companies.
3.Elastic Demand: "Arizona's prices goes up" Their sales are going down.
4.Inelastic Demand:"Electricity Bills are starting to go up"
In your house you need electricity for basically everything in your house. Some examples that you need electricity for is your heat,fridge,water,telephone,microwave,TV, and just anything else you have around your house that needs electricity for it.If someone did not have electricity in their house for more than a day, it would be likely that they would start to get pretty mad and frustrated because of  all of the things they are no able to use at home.As americans it something we are used to and even though we do have to pay for it, it is something we take for granted. So no matter how much  your bill went up, it would be likely that you would continue to pay the bill.

Demand and Utility

K-Cups: So that I can make coffee to wake me up in the morning and other time when I'm tired
Juice: I am going to buy some juice to drink during the 30 hour famine
Lunch:I'm going to buy lunch at the school each day so that I don't stay hungry

Markets

I agree with the way our economic system is being done currently.We have a good way of selling what is being wanted currently.Our economic systems works so that what is currently in demand can be sold but can still be sold for a reasonable price.Something right now that is demand that we don't have very much of would be gas.Gas companies though are good at lowering the price of it when there is more available.

Opportunity Cost

I recently had to choose between whether doing theater or swimming on swim team again.With theater I could either have participated in Hello Dolly or Harvey.With swim team I would be swimming every day including during winter break and also have meets every weeks which meant having to miss school every so often with away meets.I chose swim team because it's my last year I can participate on swim team because none of the colleges I want to attend have a swim team.But with theater I can participate in it any were I go.

Another decision I am having to make soon is which college I want to attend.I have been accepted at NCU and Hope International.They both are good christian schools and have the major I want to go for.Hope International is in California and as nice as that would be I also have to take in account of the fact that it is far away from home and i won't be able to have the oppurtunity to come home often.Also the fact that I know barely anyone who goes there or lives in California.The nice thing is about NCU is that it is right next to University of Oregon so with that I would still be able to see my friends from high school.Also I would be able to visit often.But I still really don't know.

Scarcity

Money is very scarce in my life. I don't have any job so I often don't get money.Once i have a job I will be able to pay for everything myself which will be nice.

Economics

This will now be used for economics