Studying for Economics around midnight. I actually like this class. The teacher is always very excited about economics, and he makes it sound more exciting than it really is, I think...lol
I learned that understanding the concept and actually applying it to real life situations are two different things... Also, this class makes me extremly hungry. You will see why.↓
...Focus, Naomi. Focus!!!
This year, the efficiency of growing potatos increased, which increased the quantity supplied without increasing the prise/cost, so there are more french fries made, which raise the quantity demanded for ketchap. Rice and potatos are similar (?), so if more potatos are available chaper, the quantity demended for rice will decrease. If ice cream is chaper, you are more likely buy more ice cream and less frozen yogurt. However, if you really really like frozen yogurt, the cost wouldn't matter.
So, wait... What's my point again?? ARGGGGGGG.....
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