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Question.5518 - Discussion Points Chapters 5,6 and 71. Using figure 5.1 on page 98 as a guide, prepare 3 examples of what a less affluent teenager would spend their income on? 2. Select a product where the Elasticity of Supply has and impact on pricing. 3. Using a moment in your life, think of an occasion where opportunity cost was applied in the decision process. Do Not Use the School Decision

Answer Below:

A xxxx affluent xxxxxxxx would xxxxx money xx things xxxx do xxx necessarily xxxx before xxxxxxxx it xx things xxxx do xxxxxxx it xx to xxxxxx trends xx show xxx to xxxxxxx etc xxxx of xxxxx items xxxxx be xxxxx clothes x new xxxx or xx expensive xxx music xxxxxx One xxxxxxx that xxx elasticity xx supply xxx had xx impact xx pricing xx a xxx Elasticity xxx an xxxxxx on xxxxxxxxxxxxx demand xxx supply xx the xxxx market xxx purchase xxxx I xxxx applied xxxxxxxxxxx cost xx is xxx purchase xx a xxx truck xx previous xxxxxxx was xxxx off xxx now xxxx a xxx purchase x would xxxx to xxxxxx budgeting xx make xx work xxx it xxxxxxxx in xxxxxxxx more xxx reliability xx my xxxxxxx situation xxxx up xxxxxxx to xxxx maintenance xxx other xxxxxxxx

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