Btw, i got caught smoking this week and it was the most embarrassing thing ever. i mean, i always knew it was wrong. i always knew that it would go against what they’ve told me not to do but for them to be disappointed was just a whole other story.

i always knew that they put me on a pedastole  [why can’t i spell this word?!] and i always thought that somehow, in some ways it had to do with the fact that i’m not their “real” daughter. that somehow, i had to do better because i had to prove that i belonged to be a part of this family- that they didn’t make a mistake by not leaving me with my dead beat dad. and for them to say that i disappointed them, i was kinda shocked and hurt. i mean, they have their points but, i AM a good daughter and i do everything for them but i guess smoking was just something i did for myself. It was something that i did for me because i’m practically killing myself with nursing which they literally demanded me to do. and despite knowing that with my heart condition and blah blah blah, i still smoked because it was MY escape from everything. when i didn’t want to talk about it, when i didn’t want to think about it, when i didn’t want to think about anything. it was something i did because i wanted to rebel. And i guess i wanted to rebel because it made me feel alive when most of the time i felt dead. i know, it’s lame. it really is but that’s just how i function. I’m better off not sucking on suicide sticks anyways. i’ve always known that.

Point is, because i don’t want to disappoint them, so i won’t smoke. even if it’s been killing me and if i have this cough that i get when i try NOT to smoke. and even if i’ve been depressed and withdrawing myself from everyone and everything. and it’s only been 4 days. you can kill me if you want. they smoke in hell, right?

btw. i like to draw but i am no good. 😐

hope you guys answer this truthfully and not judge me for thinking differently.

my mom keeps insisting that i’m on drugs because:
1. if i’ve lied about not smoking, i can be lying about doing drugs
2. because i’m always hungry and i am constantly eating but i hardly gain weight [which is a LIEEE!!]
3..because i had a nose bleed. AND ACCORDING TO MY RESEARCH:

my mom keeps insisting that i’m on drugs because:
1. if i’ve lied about not smoking, i can be lying about doing drugs
2. because i’m always hungry and i am constantly eating but i hardly gain weight [which is a LIEEE!!]
3..because i had a nose bleed. AND ACCORDING TO MY RESEARCH:

i was too tired to blog so i… VLOGGED. and… i can’t find it. great!

ok, here it is. enjoy!

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1.

What is the law of demand?

Relatively less quantities of a good will be bought at a high than any lower price.

Why does a demand curve slope downward?

(1)   At a high price, buyers who cannot afford to buy the good drop out of buying. At a low price, however, more buyers can afford goods so more good are bought.

(2)   In the case of the individual buyer, a price increase, given a fixed income, reduces his available budget for other commodities.

(3)   At a high price, it becomes more attractive to buy other goods which are substitutive to it. This reduces the demand for the group.

What are the determinants of demand? What happens to the demand curve when each of these determinants changes?

(1)   Preference patterns – If preferences change so that people want to buy more of a commodity, at a given price, then there is increase in demand. There will be a fall in demand if preferences change again.

(2)   Changing incomes – Increasing incomes raise the demand for goods.

(3)    Effects of distribution of income – If a society’s income is highly unequal, some members of society (rich) may tend to have a demand of luxury goods that few of the citizens can afford. On the other hand, the poorer members may buy an array of essential goods.

(4)   Population change – An increase population leads to increasing demand for some types of goods

(5)   Changes in expectations – Expectations about the future may alter demand for a specific commodity.

Distinguish between a change in demand and a change in quantity demanded, noting cause of each.

Change in demand – Change of the goods needed due to changes in preference, income or change in expectations

Change in quantity demanded – Change in the quantity of goods bought at a given ranged due to change in income, population change, effects of distribution, etc.

2. What effect will the following have on the demand of product B?

A. Product B becomes more fashionable – The demand for product B will increase

B. The price substitute for product C falls – Because of the decrease of the prices; its demand will increase thus making the demand for the other products decrease as well.

C. Income declines and product C becomes an inferior good – Because of the decline of income, the demand for the cheaper good which is product B will increase.

D. Consumers anticipate that the price of product B will be lower in the near future – Because consumers expect that the prices will decrease, there will be a decrease in the demand while the prices have not yet changed. When it does, there is a possibility of a shortage because consumers will be racing to buy product B,

E. The price of complementary product D falls – There will be an increase in demand because as an expectation being a determinant, the consumers would want to make the most out of the products decrease in price and “hoard” these materials for future use.

3. Assess the effects of the terrorist attacks of September 11, 2001 and the war on terrorism on the demand of the following items in the United States: airline tickets, gasoline, hotel rooms, books about Afghanistan and Arabic interpreters.

After the September 11 attacks, tourism in the United States decreased which lead to an economic crisis in their country thus leading hotels and infrastructures to lower their rates as well this included, airline tickets, hotel rooms and etc. The rise however, did occur in regards to gasoline, books and interpreters. Gas prices immediately shot up and suddenly people were interested in knowing everything they could about the Afghanistan attackers.

http-equiv=”Content-Type” content=”text/html; charset=utf-8″> name=”ProgId” content=”Word.Document”> name=”Generator” content=”Microsoft Word 10″> name=”Originator” content=”Microsoft Word 10″>

1.

What is the law of demand?

Relatively less quantities of a good will be bought at a high than any lower price.

Why does a demand curve slope downward?

(1)   At a high price, buyers who cannot afford to buy the good drop out of buying. At a low price, however, more buyers can afford goods so more good are bought.

(2)   In the case of the individual buyer, a price increase, given a fixed income, reduces his available budget for other commodities.

(3)   At a high price, it becomes more attractive to buy other goods which are substitutive to it. This reduces the demand for the group.

What are the determinants of demand? What happens to the demand curve when each of these determinants changes?

(1)   Preference patterns – If preferences change so that people want to buy more of a commodity, at a given price, then there is increase in demand. There will be a fall in demand if preferences change again.

(2)   Changing incomes – Increasing incomes raise the demand for goods.

(3)    Effects of distribution of income – If a society’s income is highly unequal, some members of society (rich) may tend to have a demand of luxury goods that few of the citizens can afford. On the other hand, the poorer members may buy an array of essential goods.

(4)   Population change – An increase population leads to increasing demand for some types of goods

(5)   Changes in expectations – Expectations about the future may alter demand for a specific commodity.

Distinguish between a change in demand and a change in quantity demanded, noting cause of each.

Change in demand – Change of the goods needed due to changes in preference, income or change in expectations

Change in quantity demanded – Change in the quantity of goods bought at a given ranged due to change in income, population change, effects of distribution, etc.

2. What effect will the following have on the demand of product B?

A. Product B becomes more fashionable – The demand for product B will increase

B. The price substitute for product C falls – Because of the decrease of the prices; its demand will increase thus making the demand for the other products decrease as well.

C. Income declines and product C becomes an inferior good – Because of the decline of income, the demand for the cheaper good which is product B will increase.

D. Consumers anticipate that the price of product B will be lower in the near future – Because consumers expect that the prices will decrease, there will be a decrease in the demand while the prices have not yet changed. When it does, there is a possibility of a shortage because consumers will be racing to buy product B,

E. The price of complementary product D falls – There will be an increase in demand because as an expectation being a determinant, the consumers would want to make the most out of the products decrease in price and “hoard” these materials for future use.

3. Assess the effects of the terrorist attacks of September 11, 2001 and the war on terrorism on the demand of the following items in the United States: airline tickets, gasoline, hotel rooms, books about Afghanistan and Arabic interpreters.

After the September 11 attacks, tourism in the United States decreased which lead to an economic crisis in their country thus leading hotels and infrastructures to lower their rates as well this included, airline tickets, hotel rooms and etc. The rise however, did occur in regards to gasoline, books and interpreters. Gas prices immediately shot up and suddenly people were interested in knowing everything they could about the Afghanistan attackers.