This stands for the wants of the customer....basically the costumer is always right and recieves whatever they want for the money that they give.
2. Law of the Demand
The money stands for the more money people will spend the higher the product is.
3. Law of Supply
It reminds me of a dozen of eggs and the more eggs that you buy the greater the price will be.
4. Market of Demand
This store has alot of people in it at certain times with certain consumers, and in this certain store.
5.Market Equilibrium
The demand for what people want is the same as what they are getting.
6. Utility
How well is the consumer satisfied with the product that she bought.
7. Scarcity
Alot of people want jordans but there is never enough to supply to the consumers wants.
8. Opportunity Cost
This is an example of one gas price going up so they all had to follow to stay in business and raise their prices too.
9. Production
It shows that when people buy products to make a profit they have to buy alot of what ever product they bought.
10. Maximization
Consumers are greedy and buy the most amount possible for of what they are getting.
11. Elastiicity
This shows the income and where it stands at and shows how it is leveled.
