@charlemm1@Econ_Sport_Prof This is a great example because since the demand was so high and supply was so low they offered to pay more which caused the supply to finally be increased and more jobs being filled!
The supply of workers are creeping up as avg wages in rose by 4.9% over the yr, causing the unemployment rate to drop. Demand for workers have caused companies to pay employees more, thus bringing more supply into the marketplace. @Econ_Sport_Prof#UCCEcon https://t.co/R92SHCAMVl
@DDonley80@Econ_Sport_Prof I think this is a unique view to this becuase this one isn't so much of a supply but of a cost and how much it cost but due to that it drives the demand and changes the cost so I thought this was very unique!
This is a huge example for economics in todays world. The gas prices affect everyone in this world and can create less of a demand for gas. Although the price of gas is not in direct portion to its demand because everyone needs it. @Econ_Sport_Prof#UCCEcon
Due to the shortage of drivers and supply chain issues the whole market has been seeing an increase in prices which has caused caused price or normal groceries to increase and shipping delays. @Econ_Sport_Prof#UCCEcon
Due to the global semiconductor and chip shortage, this has affected numerous supplies of new trucks and even the supply of the new PS5 due to this is has driven prices of many markets by significant amounts. @Econ_Sport_Prof#UCCEcon
Due to supply and demand of used and new PS4 controllers the price has not changed since initial release many still sell for release cost and even for used still within 5-8 dollars normally of new cost even though the next generation has been released. @Econ_Sport_Prof#UCCEcon
This picture relates to microeconomics in regards to supply and demand because due to supply and demand this 499.99 dollar console is now selling for well over its value from numerous private sellers and scalpers. @Econ_Sport_Prof#UCCEcon