Monday, September 12, 2011

Demand!

Chapter 4 covers the issue of demand. What dictates what you buy? Price? Service? Quality? As the law of demand dictates, the higher the price, the less we will demand it and the lower the price the more we will demand it. But other factors are relevant as well. For example, how popular is the product or service? Take a moment and describe how you would pick among the following choices.

  • What restaurant do you like the best for lunch? Why?
  • What gas station do you buy gas at? Why?
  • Where do you buy your clothes? Why?
  • What kind of breakfast cereal do you prefer? Why?
Think about what motivates you to make these decision.

16 comments:

  1. The restaurants I like the best are taco bell and subway. Taco bell is farely cheap and has a pretty good selection. It also has a fresco menu if you are trying to be a little more healthy. Subway is the same way. Its healthy and very reasonable. I get my gas from More for Less on the other side of town. It is the cheapest gas around and I pay for my own gas so i care more about cost then quality. I buy my clothes at a variety of places. I do that because some places have better sales on different things then the other store. And with cereal, it doesnt really bother me to eat the off brand compared to the real brand. If ones cheaper i would get the cheapest one. Alright, see you next week! Tayler Gray

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  2. The place that my friends and I usually go to to have lunch would be McDonald s or Carls Jr. Its not really my favorite place to go eat but its cheap. I usually buy mcchickens or other things from the dollar menu. I get my gas from Quick Stop because its the close. So more because of convenience than quality.I usually buy my clothes from the mall because of my favorite brands i like to wear. Sometimes I shop at Ross because the clothes are cheap there. I don't eat a lot of cereal any more, because I've gotten used to drinking milk with cookies or a banana. -- Mario Perez

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  3. The restaurants i like to have lunch is at Carls Jr, or Taco bell. Because their both delicious and cheap. I get my gas at 76 because in my opinion its more efficient to my car. Its not the cheapest gas in town but i dont have to pump gas every other day. I buy my clothes where ever is more convinient for me. I really dont have a favorite cereal, ill eat any cereal that i got. Alright im getting sleepy now. Later Mr. Bauer --Arturo Vargas

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  4. for food id usually go to taco bell or subway cuz its yummy and cheep, and the distance is convinent. and i dont buy gas.... so idk. for clothes ilike forever 21 cuz its cute and cheep. but i like pac sun and tillys for the cute quality clothes. i dont usually eat cereal, but sometimes i eat my friend veronicas captin crunch, its my fav(: and i dont care if cereal is off brand cuz its all sugary yummy-ness:P
    see you tomorrow mr.bauer, imma go make some pancakes!:D
    ~brianna kathryn beatty<3

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  5. McD me and my friends are always there on wednesdays we go because it isnt very expensive but we also love subway its healthy and a good price ! usually unleaded even though the quality isnt the best its the chapest. i dont really care if my ceral is generic brand its ceral good either way!!

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  6. So my favorite restaurant for lunch would be Subway, because up until I had that for the first time, I didn't like sandwitches( and yes, we do have Subway in Denmark). Gas station... well I can't drive, so it's whereever my parents, now host parents, go I follow. when it comes to clothes, everywhere, almost, when I see something I like I don't really look at brands, if I like I like it. Cereals would probably be Rice Krispies or frosted flakes, or just whatever is in the pantry at the time.
    - Until next time, Simone Aarre

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  7. I would say that I like to eat Subway and Carl's Jr.for Lunch because I think it isnt so far from my house, it is cheaper to eat there, and I consider subway as healthy despite it is fast food! Based on gasoline, I have no car but my mom told me that she puts chevron because it relies on the quality and cleaner. In spite of the price, the car will be better and it wouldn’t cause problems.The best option would be to buy clothes at the cheapest but I think most of the time the clothing that costs more is of the highest quality. I would spend a little more money because this kind of clothes is made of better material.
    I prefer sweet cereals, but also try to find something healthy, containing oats. I like Cheerios because it contains oatmeal and honey, I think this is delicious(:
    -Vanessa Estrada'*

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  8. First time Blogger Jeremy DeBlois,

    What restaurant do you like the best for lunch? Why?
    My Favorite restaurant would most likely be Hunan house, they have great food, great service, and the atmosphere is calm and relaxing. Also its fairly cheap for unlimited amount of Chinese food, which just happens to be my favorite type of food.

    What gas station do you buy gas at? Why?
    I buy gas at More 4 Less mainly because its down the street from my house and that its cheap most of the time. It also really doesnt matter what gas station i go to just as long as its cheap.
    Where do you buy your clothes? Why?
    I shop at any store that is near me at wherever i am at the time. But my favorite stores are Tilly's and Hot Topic because they sell great products even though it is on the more expensive side.
    What kind of breakfast cereal do you prefer? Why?
    Not sure how to answer this but Brand names i guess. Either Cheerios,i Frosted Flakes, or Honey Bunches of Oats. I either choose one of these for taste or how t helps my body survive by either lowering cholesterol or fiber.

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  9. Some people choose quality over quantity of a product, no matter the price. i guess i would say i go about half and half on everything. i buy my gas at cheveron, although its expensive, but its because my parents have a gas card.if i have cash however i would much rather go to more-for-less because it is cheaper.i dont really have a preference in restaurant because i dont eat out much. but if i do it would be somewhere cheap that gives you a good quantity of food (like a half pound burrito for 3 dollars at taco real.)as for clothes, it is important to look good, but i wont spend a hundred dollars on a pair of jeans just because the butt is bedazzled.i eat oatmeal for breakfast because its easy to eat, quick to make and isnt very expensive.price is a big factor in what i buy, and if somthing is cheaper but has the same quality as an expensive good, then im more likley to buy it.
    -olivia

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  10. Hello Bauer!

    My favorite restraunt is Pietros. Even though i havent ate there many times it has great Italian food, there's a variety in choices, and they always give you an awesome salad.

    My gas i tend to get at Arco because it always has a good price.

    As in refrence to where i get my clothes i guess i can pretty much say that where ever i find that something i like. I don't tend to buy epensive brand clothing because branded clothing or not it still has the same purpose. It doesn't matter what you wear, but how you wear it.

    My favorite morning cereal is Special K-original. I think that it has a very good flavor and its a bit healthier than the other sugary cereals.

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  11. My favorite restaurant is subway . I usually go to subway because its healthy food and its not that expensive. I also like going to Mc Donalds because i can get really good sale deals and save some money.About the gas station i dont drive but i know that chevron is a really good quality gasoline even though its expensive. For my clothing i usually buy the clothes i like where ever i find it but i do consider the prices sometimes.I barely eat cereal because i dont like milk but when i do i usually eat honey bunches of oats or kellogs.
    -adriana ramirez

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  12. Alex Abbott here...

    Lets see restraunts that i would pick would be probally the cheapest like mcDs or taco bell. and price also factors in where i buy my gas. quick stop is the cheapest and is also convient because it is near my house. i buy my clothes on sale always! sometimes from kohls but mostly cheaper stores like ross,marshals,tjmaxx and even old navy. and breakfast ceareal would be the generic brand. All of my decisions are made based off of price. i buy whats cheap.

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  13. One of the restaurants I like to eat for lunch are Subway I dont really eat fast food or non home made food one of the reasons is health factors and the say u could save a little more money by eatting at home,one of the reasons that I choose to go to Subway would have to be the way that u can get a foot long sub and just pay 5 bucks its pretty convinient to the pocket and also to ur hunger. One of the gas stations we usually go to are Costco because its good qualitya nd it also is cheaper than at any other gas stations. The places I usually buy my clothes are Ross,marshalls khols TJ max and sometimes the mall it varies on the places I buy my clothes I usually go where there are good quality clothes and where I can get a good deal on the prices. When it comes to cereal we usually buy the generic brand its still same in taste and is more affordable therefor as a happy coustomer will always buy from the company since they have a good tasteing and affordable product. -Celeste Muniz

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  14. I don't eat out much, but when I do it's usually at Taco Bell. It's my first choice. You can get just enough for pretty cheap, and I don't eat a whole lot, so a smaller cheaper meal is what I like. I don't buy gas, but my parents usually use Aisle 1 at Raleys. I've heard Quick Stop is cheapest in town, but it's too far from home for me. I also don't buy clothes much, but when I do it's usually at Kohls. I never spend full price on clothes because I don't see the point in it. If it fits comfortably and doesn't look too bad, I'll wear it. I'm no male model, I wear what I like. As for cereal...me and milk don't get along too well nowadays, but we hardly have cereal in the house, let alone name brand! Cheap is good for everyday consumables in my eyes.

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  15. What restaurant do you like the best for lunch? Why?
    My favorite Restaurant for lunch would have to be Brewsters Bar & Grill. It is cheap, location is very close and the atmosphere there is wonderful. The food is def. top notch to me any ways.
    What gas station do you buy gas at? Why?
    I will only ever buy gas from Cheveron. Why it is the best gas in my book by far. I cleans my fuel injectors while serving its purpose of fueling my car. You will never see me at any other gas station...Ever.
    Where do you buy your clothes? Why?
    I buy my clothes from a assortment of places for the sol purpose of what is in style. Either PacSun or Tileys mainly.
    What kind of breakfast cereal do you prefer? Why?
    I am not a Breakfast serial type of guy at all. But if i had to choose, it would be the Reeses Puffs. It has a flavor all to its own.
    -Dalton Garcia

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  16. The restaurant I like best for lunch is between Sub Way or McDonalds. Both places are cheap, but i choose Subway when I want to eat something healthier and I choose McDonals when I want food on the go. When I go to the gas station, I choose Quick Stop because it is not only affordable, but it is close to where I live.I tend to not shop too much for clothes due to lack of money, even though I love to shop. It really is more of a want than a need, so I limit the amount of times I go out to stores. I like Tilly's, Kohls, Forever 21 and just other random places that supply such cute items. Because everything is not always the cheapest, I have to save and wait until it is a good time to go shopping. As far as cereal, my family will eat anything. My mom though is smart about what she is buying and tries to make sure it is on sale or that she is getting a good deal. Buying things on sale that are still good quality is a plus for me!

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