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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?