Big Decision 1

Supply/Demand Blog post #2       The iPad I have is the iPad 2 64 gigabyte but without the data. The first iPad that had come out was just a regular tablet without any cameras or anything fancy really. Everyone wanted the iPad because it was the next big thing and Apple was still becoming big during that time. The iPad took almost a complete 2 years to start and fully finish it because of all the difficult things to perfect it. A lot of people who were not quite familiar with apple at the time would have rather got the Acer tablet because the price for an iPad was $499 which is really expensive but the Acer was a lot cheaper I'm not sure on the exact price of that tablet but everyone was talking about the price difference.        The way the supply and demand works with iPad is if there are more people who want the iPad then the price for it is going to go up quite a bit because they are needing to make more but if people don't want the iPad t...

      A few years ago I wanted to buy an iPad but it was a couple hundred dollars and my parents would pay for half of it which meant I had to save up at least $400.  At that time I also wanted to buy a phone because I didn't have one but that was $500 and my parents wouldn't help me with that because they didn't want me having a phone yet. I went and did a bunch of work for family friends and just kept saving up my money to see how long it would take me to save up for either of them and after a few months I finally just got the iPad so I could get the help from my parents.       I had to use opportunity cost in that situation without even realizing it at the time, if I got the iPad then I'd have to use my money for that and if I wanted to get the phone I wouldn't be able to get the iPad but I finally decided on the iPad because it would be easier to save up for because it was $100 less. I also chose the iPad because if I would have gotten the phone t...