2012년 3월 11일 일요일

SUPPLY AND DEMAND GAME
 This game was quite exciting and fun. It made me easier to understand about supply and demand. The game was about buying diamond and create an item using diamond and sell it to the people. The price of diamond at the first was 100 USD however people soon begin to buy a lot. So the price went to 500. Because of big price nobody bought the diamond and if they do only small amount of diamond. After few mins the price went down to 50 USD because there was no customers.

People created the diamond ring 800 USD. The more people made the price went down. And it went down to 100 USD. There was no profit left. So people begin to make new items such as bracelet, necklase, watch, mobile phone, laptop, swimming suits and crowns.

Even though it was fun game it need some improvement. When one group created a new item other group decide to copy it make it cheaper price. So it was bit unfair to the group who invented it. So I think the group that copied the item should pay the royalty to the group who invented the item.

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