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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
Enter if you dare
buyer beware
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."
Inventory
Explore the house and look for anything out of place
SUBSTITUTION EFFECT
LAW OF DEMAND
MARKET SIZE
01
AS THE PRICE OF PIZZA FALLS, HIGHER QUANTITIES OF PIZZA WILL BE DEMANDED. IN ECONOMICS, THIS IS DESCRIBING THE. . .
REMAIN UNCHANGED
INCREASE
02
DECREASE
DURING A RECESSION, INCOMES TEND TO FALL. IF ALL AMERICANS GET SMALLER PAYCHECKS, THEN DEMAND FOR RAMEN WILL. . .
INELASTIC
INFERIOR
03
ELASTIC
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.
04
FIXED COST
VARIABLE COST
SUNK COST
EMPLOYEES WHO MAKE AN HOURLY WAGE ARE CONSIDERED A. . .
The very ghost you have been trying to save found you and
you died...
the most important clue is not always the most visible
I don't wanna sleep,Cause I've had enough
You find a drawer in the upstairs bedroom. Find a way to continue.
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.
DOWNSTAIRS
As you leave, you see a mirror in the room has a message scratched on to it.
Inventory
Continue exploring the house
DEMAND DECREASE
SUPPLY DECREASE
01
SUPPLY INCREASE
DEMAND INCREASE
IF THE GOVERNMENT INCREASES REGULATIONS IN AN INDUSTRY, IT USUALLY RESULTS IN A
DEMAND FOR CARS FALLS IN ANTICIPATION OF MEMORIAL DAY SALES. THIS IS DUE TO. . .
COST OF INPUTS
CHANGES IN DEMOGRAPHICS
CONSUMER EXPECTATIONS
CHANGES IN INCOME
02
AN ADVERTISEMENT FOR JIMMY JOHNS FEATURING MEEK MILL CAUSES THEIR SALES TO SKYROCKET. THIS IS LIKELY DUE TO. . .
CONSUMER TASTES & ADVERTISING
GOVERNMENT SUBSIDIES
PRICES OF RELATED GOODS
CONSUMER EXPECTATIONS
03
CALIFORNIANS FLEEING TO ARIZONA RESULTS IN A DECREASED DEMAND FOR HOUSING IN SAN FRANCISCO BECAUSE OF . . .
CONSUMERS TASTES
CHANGES IN INCOME
CHANGES IN DEMOGRAPHICS
CHANGES IN POPULATION SIZE
04
The very ghost you have been trying to save found you and
you died...
Remember these notes and play them on the piano in the correct order.
♪♬ø
You found a secret message
01
02
...Keep playing
03
...One more
Try again...
You found a new item for your inventory
Continue exploring the house
♪♬ø
Inventory
Wait, what's all this on the floor?
2026
Use the magnifying glass to search the room.
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!
AMERICAN TAX RATES JUMP TO 50%
MEAT PRICES SOAR TO $50/LB
DAILY MAIL PUBLISHES "TOFU CAUSES CANCER"
01
WHICH OF THE FOLLOWING WOULD RESULT IN AN INCREASE IN DEMAND FOR THE NORMAL GOOD OF TOFU?
CHANGES IN INCOME
CONSUMER EXPECTATIONS
CHANGES IN DEMOGRAPHICS
02
2 MILLION IRISH PEOPLE HOUSE SWAP WITH AMERICANS. WHY DOES THE DEMAND FOR KERRYGOLD BUTTER INCREASE IN THE US?
03
RAMEN
GAS
HAIRCUTS
SELECT AN EXAMPLE OF A GOOD WITH INELASTIC DEMAND.
What is the password you say to release the ghost?
WRITE IN ALL CAPS
SCREENSHOT HERE FOR CREDIT
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!
congratulations
Back
Exit
Sure you want to go out?
You will lose all the progress so far...
Inventory
Inventory
Inventory
♪♬ø
Inventory
♪♬ø
Inventory
♪♬ø
you died.
The ghost has captured you and
never to escape again.
You get stuck in the maze
December 23, 1940
Eddie Schneider
Crushed Chest & Abdomen; hemothorax & hemoperitoneum: - in aeroplane crash.
CERTIFIED IN KING'S COUNTY MORGUE
Economist
Name D.o.D. Job Cause of Death
Certificate of Death
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?