Why hello...

This is a blog for my AP ECON class and it is titled "gonnageta5" because I believe in positive thinking. You will acomplish only what you expect from yourself. I am challenging myself in saying that I am going to get a five on the ap exam... since I dont want to be a liar, I better stop typing and go study cause this stuff is hard!!

Monday, March 31, 2008

Grapefruit Season

So I was shopping with my mom this weekend and I was craving grapefruits. (they are my favorite fruit ya know!) SO I went to buy the grapefuit fruit cups things and they were only 6 dollars for 10 cups! This was way lower then when I bought the same cups in the fall and early winter! They were not on sale or anything... the price was just way lower. So I bought 2 boxes (and ate all 20 cups already). I was thinking about why they were so much cheaper now... thinking maybe they were old, or flawed. So I was bored and looked this up... "The season for grapefruit depends on where the grapefruits are growing. In Arizona and California, the peak season is January to June, but in Florida and Texas, the season is October to June." (http://www.seasonalrecipes.com/season/grapefruit.php) This is prime time for grapefruit! So heres what I concluded... Fresh grapefuit and grapefruit cups are substitute goods. And since the Demand for fresh grapefruit has risen as it is in season and tastes the most delicious... demand for the cups of processed grapefruits has dropped... thus lowering the price.
The End

Friday, March 7, 2008

NEW CAR!!!!

SO my parents and i were looking at cars for me to take to college, specifically a toyota corolla. We were looking at the 06's but the dealer said that there is a 1000 dollar rebate on new 08's which would make it almost cheaper to buy a brand spanking new car!!! I saw an 08 that i like and he said that there wasnt a rebate on it cause it wasnt a NEW 08. i didnt understand what the difference was that a slightly used one didnt get 1000 off but the new ones did, but they were almost the same starting. he explained this....
THe new 09s are coming out so they want to get ride of the 08's because someone in the market for a new car would want and 09 and not and 08. but if someone was in the market for a used car.. they would want a used 08 instead of a new one... so pretty much the used car loookers want not new... and the new car owners want new 09... so to highten the demand for the new 08's to get them off the lot... they give rebates for them... which is fine with me... ill take 1000 dollars off a new car!!