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Supply and Demand: Buyer Beware
Breeland Beagley-Imh
Created on February 7, 2024
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Transcript
SHADOWS OF SUpply and demand
buyer beware
Enter if you dare
You arrive at an abandoned manor. . .
"You are hoping to purchase this manor, but before you can, you need to vacate an. . . unwelcome guest from the premises. There is a ghost which is trapped in this house, doomed to wander through it until he recovers all his memories. To release him, you must pass all the tests and get the missing items into your inventory. Explore the house and try not to get trapped yourself too... If you miss a clue, you may be doomed to repeat this journey, over and over."
Explore the house and look for anything out of place
Inventory
01
AS THE PRICE OF PIZZA FALLS, HIGHER QUANTITIES OF PIZZA WILL BE DEMANDED. IN ECONOMICS, THIS IS DESCRIBING THE. . .
LAW OF DEMAND
MARKET SIZE
SUBSTITUTION EFFECT
02
DURING A RECESSION, INCOMES TEND TO FALL. IF ALL AMERICANS GET SMALLER PAYCHECKS, THEN DEMAND FOR RAMEN WILL. . .
REMAIN UNCHANGED
DECREASE
INCREASE
03
IF CONSUMERS DO NOT CHANGE THEIR QUANTITY DEMANDED FOR MILK VERY MUCH, EVEN IF THE PRICE DOUBLES OR TRIPLES, MILK IS SAID TO BE AN __________ GOOD.
INELASTIC
ELASTIC
INFERIOR
04
EMPLOYEES WHO MAKE AN HOURLY WAGE ARE CONSIDERED A. . .
SUNK COST
VARIABLE COST
FIXED COST
The very ghost you have been trying to save found you and
you died...
You find a drawer in the upstairs bedroom. Find a way to continue.
the most important clue is not always the most visible
In shadows deep where spirits creep,To conquer the ghost, secrets we must keep. A whisper's hint, a riddle's fame, To banish the specter, you must speak its name.
I don't wanna sleep,Cause I've had enough
As you leave, you see a mirror in the room has a message scratched on to it.
DOWNSTAIRS
Continue exploring the house
Inventory
01
IF THE GOVERNMENT INCREASES REGULATIONS IN AN INDUSTRY, IT USUALLY RESULTS IN A
DEMAND INCREASE
SUPPLY INCREASE
SUPPLY DECREASE
DEMAND DECREASE
02
DEMAND FOR CARS FALLS IN ANTICIPATION OF MEMORIAL DAY SALES. THIS IS DUE TO. . .
CHANGES IN INCOME
CONSUMER EXPECTATIONS
CHANGES IN DEMOGRAPHICS
COST OF INPUTS
03
AN ADVERTISEMENT FOR JIMMY JOHNS FEATURING MEEK MILL CAUSES THEIR SALES TO SKYROCKET. THIS IS LIKELY DUE TO. . .
CONSUMER EXPECTATIONS
PRICES OF RELATED GOODS
GOVERNMENT SUBSIDIES
CONSUMER TASTES & ADVERTISING
04
CALIFORNIANS FLEEING TO ARIZONA RESULTS IN A DECREASED DEMAND FOR HOUSING IN SAN FRANCISCO BECAUSE OF . . .
CHANGES IN POPULATION SIZE
CHANGES IN DEMOGRAPHICS
CHANGES IN INCOME
CONSUMERS TASTES
The very ghost you have been trying to save found you and
you died...
You found a secret message
♪♬ø
Remember these notes and play them on the piano in the correct order. What's that piece of paper on the piano?
01
...Keep playing
02
...One more
03
Try again...
You found a new item for your inventory
Continue exploring the house
Inventory
♪♬ø
Use the magnifying glass to search the room.
2026
Wait, what's all this on the floor?
The typewriter requests a passcode to unlock the door.
Enter the four digit code
What direction do you choose for your first fork in the path?
Good so far. What next?
Two turns down, two to go. . .
You're almost there! Last turn.
Someone is there!
WHICH OF THE FOLLOWING WOULD RESULT IN AN INCREASE IN DEMAND FOR THE NORMAL GOOD OF TOFU?
01
DAILY MAIL PUBLISHES "TOFU CAUSES CANCER"
AMERICAN TAX RATES JUMP TO 50%
MEAT PRICES SOAR TO $50/LB
2 MILLION IRISH PEOPLE HOUSE SWAP WITH AMERICANS. WHY DOES THE DEMAND FOR KERRYGOLD BUTTER INCREASE IN THE US?
02
CONSUMER EXPECTATIONS
CHANGES IN DEMOGRAPHICS
CHANGES IN INCOME
SELECT AN EXAMPLE OF A GOOD WITH INELASTIC DEMAND.
03
GAS
HAIRCUTS
RAMEN
What is the password you say to release the ghost?
WRITE IN ALL CAPS
congratulations
You've recovered all the ghost's memories! Now he can finally rest and you can escape from the house! Maybe now you can finally buy it!
SCREENSHOT HERE FOR CREDIT
Sure you want to go out?
You will lose all the progress so far...
Back
Exit
Inventory
Inventory
Inventory
♪♬ø
Inventory
♪♬ø
Inventory
♪♬ø
The ghost has captured you and
you died.
You get stuck in the maze
never to escape again.
Certificate of Death
Name D.o.D. Job Cause of Death
Eddie Schneider
December 23, 1940
Economist
Crushed Chest & Abdomen; hemothorax & hemoperitoneum: - in aeroplane crash.
CERTIFIED IN KING'S COUNTY MORGUE
1. What happens to the market for wheat if a drought occurs? 2. What happens to the market for ramen if thousands lose their jobs during a recession? 3. What happens to the smartphone market if ten new Samsung factories open up? 4. What happens to the market for cheese whiz if an article is released stating cheese whiz causes migraines?