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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?