JT Period 4 I can see how this is related to economics. The supply of the toilet paper was very low so the demand was high which lead to problems in the bathroom. This can be seen in the real world. When something is scarce and the demand for it is high, it also has a high value.
Mike Pro pd-4. This clip relates to economics because it perfectly demonstrates the value of an important resource. Elaine was in desperate need of toilet paper, a necessity, but Jerry's girlfriend simply couldn't spare a square. In economics, when a commodity is scarce, the behavior of the economy drastically changes. For example, as oil becomes more and more limited in the global economy, the value of oil surges. Because scarcity was a factor in this bathroom scene, the value of the toilet paper increased, and Jerry's girlfriend simply could not spare a square.
The economics behind this video has to do with rationing your items. The lady wouldn't give the other lady toilet paper mainly because she needed a certain amount and didn't have enough to spare. It's just like money. If I was going to by a shirt for $10 dollars and needed a ticket for the bus to get home from the store, I would need a total of about $15. If someone asked me for some money, I wouldn't be able to give it to them because than I wouldn't have enough for myself. This video was actually a funny way to demonstrate this practice.
Pd. 4 - U.D. In this scene, Jerry's girlfriend refuses to give Elaine toilet paper even though Elaine has none and asks for just a single square. Jerry's girlfriend only has enough of the resource (toilet paper) for herself, and giving even a single ply to Elaine would not leave Jerry's girlfriend enough of the resource to be comfortable. This scene demonstrates scarcity because there is not enough toilet paper available for both Jerry's girlfriend and Elaine to have enough to use, and Jerry's girlfriend has no choice but to refuse to give Elaine any toilet paper. This illustrates that when there is an insufficiency of a resource, everyone's needs and wants cannot be fulfilled.
This clip is a demonstration of scarcity. When Elaine asked Jerry's date for toilet paper, she declined because she probably only had enough for herself. Had there been a greater supply than minimum she needed for herself, Jerry's date might've given Elaine the three sheets she wanted. -AD
PD 9. NH This scene was very funny. I enjoyed it a lot especially at the end when the guy figures out that his friend was the one who had the paper issue with his girlfriend and it gets awkward for him. I mean I understand why both girls did what they did and I probably would have done the same if I was in either of their situation. It's not easy giving up something that you need as well, but I would be annoyed if no one is willing to help me when they have resource to.
Pd 4 - AP Economics - ECR Since Elaine is short on toilet paper, there is a scarcity of resources on her end. However, Jerry's date also claims to be tight on supplies, which begs the question of whether she truly could not afford to spare a single ply if the person next to her had no paper at all. It forces one to think about whether scarcity can be compared quantitatively to another kind of scarcity, and whether one person deserves a basic resource more than the next person.
In this scene the toilet paper can represent currency or assets. The two ladies can also represent the two political parties and their ideas on the economy. The liberals believe that we should help the less fortunate more and give them some of our excess products, while the conservatives feel that everyone should be responsible to what they have, or don't have. While one of the ladies felt as though the other could have spared as little as "3 squares" of toilet paper so that everyone could be "covered", the other lady felt as though she couldn't possibly give her toilet paper because she had to "cover" herself first. At the end both of them called each other "insane" because neither could understand where the other was coming from. Period 4- IH
Emanuel pd4 This scene shows scarcity- one lady didn't have any toilet paper in her stall and the other lady only had enough for herself, so she was not able to spare even a square of toilet paper.
I believe there is a connection between supply/demand and the clip of Seinfield. During the clip, a woman had a shortage of toilet paper in the stall and asked the woman next to her for some toilet paper. However the woman next to her was not willing to share toilet paper which immediately increased the value of toilet paper for the woman who did not have any paper. This can demonstrate real world economics - if there is a shortage/demand of a product, the product's value will increase.
This video has to do with the topic of scarcity and how we waste resources. Although people may have excess amounts of what they need, they still don't want to share with the rest of the world. In some way, the video represents scarcity and how people without anything struggle to get what they need. -Andrew Moy Period 9
This scene demonstrates the issue of supply and demand as the debacle of not sharing the toilet paper is an issue of scarcity as well as greed. While Elaine started off with needing 3 squares of the 2-ply toilet paper, she decreased her request until she was eventually at 1 square of 1-ply paper when Jerry's date kept refusing. Jerry's date told Jerry that she needed a comfortable amount of toilet paper and that she was not going to share it even though she may have been able to spare a single piece. I personally disagree with her actions as I would have shared with Elaine if I were in that situation. Ultimately, Jerry's date controlled the resource and she chose to allocate it entirely to herself instead of splitting it which was a selfish decision in my opinion. - MS
Firstly, I want to get out of the way how comical this scene was. To think that she could could not spare a square of toilet paper is very hard to believe. Secondly, as to the question in this post, it might be about scarcity, and supply and demand. The toilet paper was scarce, so the supply was little to nothing, resulting in her demanding, quite fervently, to get some toilet paper. Probably wrong, but that's what I thought anyways.
pd 9 - NA The economics behind this scene in Seinfeld is that when resources are low, a person will not sacrifice their comfort to fulfill someone else's need; the only time a person will help a person in need is when they have fulfilled their level of comfort and still have excess. A person in need will lower their needs to a bare minimum but still, the person with the resource will not give up any of their resource until their are satisfied and comfortable. Jerry's date would have given Elaine the toilet paper if she had an excess of it. But since she had just the right amount for herself, she did not want to give any of it up.
I think that the economics behind this video have to do with resources and how much of them we should use. The woman who wouldn't give up the toilet paper claimed she only had enough for herself while the woman on the right kept lowering the about she needed to try an convince the woman to give her a piece. This can be seen in the real world economy because there are many instances when countries or companies don't want to give up what they have even if another group only needs a little. For example when a country or company needs oil, they usually get from a place in the world that has oil and if for some reason that oil producing country claimed they only had enough for themselves, it could lead to serious problems for the economy and the flow of money in the world. Obviously, these problems are represented by Jerry's puzzling look at the end because he doesn't know which argument is the right one just like in the world of economics.
I thought this clip was a really funny way to illustrate the concept of supply and demand. When I normally think of this concept, my mind immediately goes to goods that are in high demand. It was very entertaining to see this concept put into everyday life. Now, when I have something I don't have enough to share, primarily food, I will say that my motives are purely economic. Haha. - SS Period 6
GJ Pd.9 The basic economic theme in this video is most likely scarcity. Scarcity means there's limited resources, in this video there is scarcity of the toilet paper. The woman in black shoes could not spare the three squares because she needed all the toilet paper she had. This also exemplifies supply and demand, as there is a small supply of toilet paper but a large/intense demand for it, making it very valuable in this situation.
pd 9 m.a. This scene in seinfeld is related to economics because of the idea of scarcity. The woman that had no toilet paper needed a small piece, so by asking a woman who could potentially have some to spare, she was trying to use her resources to attain what she needed, rather than how much the other woman wanted.
This scene of Seinfeld seems to demonstrate the idea of limited resources. When the things we need are scarce, we try to keep them for ourselves. People try hoard gold, precious jewels, diamonds, but this person hoarded all the toilet paper. -SK p4
This Seinfeld bit displays an economic theme in life because it shows the scarcity of a need (toilet paper) that one woman needs, but cannot get because in addition to the fact that her stall ran out of paper, the stranger in the left stall only has enough for herself. She even explains it for herself, saying she doesn't have enough to spare for anyone else. D.G , PD 9
T-D. Nam There are a limited number of squares of toilet paper, and two ladies are both in need of them; the demand is much higher than the resources available, therefore making the two ladies compete.
This is Vanessa. The person in the stall with the toilet paper did not have enough toilet paper to give away. Knowing the toilet paper was scarce, she could not give it away to the other woman because she wouldn't have enough for herself.
Pd 9. NH I think the economics represented in this clip is scarcity and how people have wants and needs. One girl is out of paper and needs paper although the other girl has paper, but refuses to give some because she believes that there is not enough to share. There is a limited amount of paper, but both girls need it and some people aren't willing to trade- off and give up what they have for others because it might not benefit them, but it could for others. There's two sides to this issue and depending on your situation one might agree or disagree with the girls.
No matter the circumstances or situation one faces in life, economics always finds a way to explain an event. In this scene in Seinfeld, Jane who refuses to give Elaine her toilet paper represents really the mind set of many people in the world today due to the fact that she is very hesitant to give up her resources even though they aren't needs. This is solely because of the fact that if she gives away her toilet paper of any other resource that is limited it can greatly harm somebody. Furthermore if Jane were to give Elaine just one ply of toilet paper it would benefit Elaine but ruin the quality of Jane's resources by making it less affective.
This video resembles economics because in their situation the toilet paper represented a limited resource. Because the toilet paper was very scarce, we saw that the demand for the item greatly increased. Similarly in real life, resources that are becoming scarce increase in value and price. This video clearly shows how an everyday situation can become economic and everything you do can relate to it.
The economics behind this scene in Seinfeld are related specifically to the moment in the bathroom where toilet paper was the finite resource. The scarcity of the toilet paper as a resource and her need/want for it caused her to ask the neighboring stall to share the resources. She got desperate to the point where she asked for just one ply which shows just how valuable toilet paper can be when you need it the most.
I think that the people in this video represent the divide between rich and poor. Rich people see their wealth as solely theirs, while poor people think that if the wealthy gave just a small portion of their wealth to use for necessities, the change in wealth would be unnoticeable by the wealthy. There are, however, rich philanthropists who do things for the wrong reason, such as publicity or tax evasion.
AP Eco p. 9 JS There is a scarcity of toilet paper (a resource) in one of the stalls. People are fighting for a resource that they both need and that also is scarce. It's a funny clip though ;)
The scene in Seinfeld perfectly embodies the idea behind economic problem, scarcity, and a smaller and more relatable scale. Girl thought there were unlimited amounts of toilet paper when she entered the bathroom stall; therefore, she unknowingly walked into the stall, only to realize that there was no more paper. That is the fundamental idea behind scarcity. The idea that there are seemingly unlimited wants in the world where there are actually limited resources. Additionally, scarcity causes tradeoff. In the scene, Girl A offered a tradeoff with the Girl B (next to her in the bathroom stall). Obviously, the offer Girl A was measly, which caused Girl B to deny the offer. Girl A wanted some toilet paper from Girl B without offering anything in return. This unequal trade was a clear reason why Girl B did not want to share her resources (toilet paper).
SK - The economics of the situation is that Jerry's date happens to have a product or commodity that Elaine needs, yet Elaine has nothing to offer to Jerry's date. Without anything to offer, she is essentially asking for a handout and for someone else to waste their resources, therefore she is denied the toilet paper.
K.C. 8/10/15 This scene relates to economics because it displays needs vs. wants. The woman in the stall who had no toilet paper actually needed some toilet paper because there wasn't any. However, the woman in the stall who had toilet paper could technically spare some but she did not want to. She didn't absolutely need all of it, because the other woman even said that she'll take one ply if it is double plyed.
The economics behind this scene relates to the topic of scarcity. The basic economic problem in society is having unlimited wants with a limited supply of resources. In this scene, a lady does not have a resource she needs, while another lady who does, only has a limited supply for herself. If the supply was replenished, she could have decided to allocate her resource differently, perhaps by sharing it with the lady who was in need of that resource.
I think that this scene contains an abundance of economics in a sense. First is how supply and demand plays a role in everything in life and its major importance in economics. If there is a higher amount of demand when compared the supply, then the supplier is in complete control. Since the lady didn't have toilet paper and needed it desperately all the power/control went to the other lady. It also showed how people would accept the bare minimum when they are desperate enough for an item. Lastly it showed how people could have different views on the same topics and how important each view is. -VS
Dan L: This scene shows the concepts of supply and demand and of scarcity. One of the women has the toilet paper and the other needs it. They continue negotiating about how much can be spared but the other woman has a scarce amount herself so she can't spare any.
JT Period 4
ReplyDeleteI can see how this is related to economics. The supply of the toilet paper was very low so the demand was high which lead to problems in the bathroom. This can be seen in the real world. When something is scarce and the demand for it is high, it also has a high value.
Mike Pro pd-4. This clip relates to economics because it perfectly demonstrates the value of an important resource. Elaine was in desperate need of toilet paper, a necessity, but Jerry's girlfriend simply couldn't spare a square. In economics, when a commodity is scarce, the behavior of the economy drastically changes. For example, as oil becomes more and more limited in the global economy, the value of oil surges. Because scarcity was a factor in this bathroom scene, the value of the toilet paper increased, and Jerry's girlfriend simply could not spare a square.
ReplyDeleteP4 Divya Advani
ReplyDeleteThe economics behind this video has to do with rationing your items. The lady wouldn't give the other lady toilet paper mainly because she needed a certain amount and didn't have enough to spare. It's just like money. If I was going to by a shirt for $10 dollars and needed a ticket for the bus to get home from the store, I would need a total of about $15. If someone asked me for some money, I wouldn't be able to give it to them because than I wouldn't have enough for myself.
This video was actually a funny way to demonstrate this practice.
Pd. 4 - U.D.
ReplyDeleteIn this scene, Jerry's girlfriend refuses to give Elaine toilet paper even though Elaine has none and asks for just a single square. Jerry's girlfriend only has enough of the resource (toilet paper) for herself, and giving even a single ply to Elaine would not leave Jerry's girlfriend enough of the resource to be comfortable. This scene demonstrates scarcity because there is not enough toilet paper available for both Jerry's girlfriend and Elaine to have enough to use, and Jerry's girlfriend has no choice but to refuse to give Elaine any toilet paper. This illustrates that when there is an insufficiency of a resource, everyone's needs and wants cannot be fulfilled.
This clip is a demonstration of scarcity. When Elaine asked Jerry's date for toilet paper, she declined because she probably only had enough for herself. Had there been a greater supply than minimum she needed for herself, Jerry's date might've given Elaine the three sheets she wanted. -AD
ReplyDeletePD 9. NH
ReplyDeleteThis scene was very funny. I enjoyed it a lot especially at the end when the guy figures out that his friend was the one who had the paper issue with his girlfriend and it gets awkward for him. I mean I understand why both girls did what they did and I probably would have done the same if I was in either of their situation. It's not easy giving up something that you need as well, but I would be annoyed if no one is willing to help me when they have resource to.
Pd 4 - AP Economics - ECR
ReplyDeleteSince Elaine is short on toilet paper, there is a scarcity of resources on her end. However, Jerry's date also claims to be tight on supplies, which begs the question of whether she truly could not afford to spare a single ply if the person next to her had no paper at all. It forces one to think about whether scarcity can be compared quantitatively to another kind of scarcity, and whether one person deserves a basic resource more than the next person.
In this scene the toilet paper can represent currency or assets. The two ladies can also represent the two political parties and their ideas on the economy. The liberals believe that we should help the less fortunate more and give them some of our excess products, while the conservatives feel that everyone should be responsible to what they have, or don't have. While one of the ladies felt as though the other could have spared as little as "3 squares" of toilet paper so that everyone could be "covered", the other lady felt as though she couldn't possibly give her toilet paper because she had to "cover" herself first. At the end both of them called each other "insane" because neither could understand where the other was coming from.
ReplyDeletePeriod 4- IH
Emanuel pd4
ReplyDeleteThis scene shows scarcity- one lady didn't have any toilet paper in her stall and the other lady only had enough for herself, so she was not able to spare even a square of toilet paper.
I believe there is a connection between supply/demand and the clip of
ReplyDeleteSeinfield. During the clip, a woman had a shortage of toilet paper in
the stall and asked the woman next to her for some toilet paper. However
the woman next to her was not willing to share toilet paper
which immediately increased the value of toilet paper for the
woman who did not have any paper. This can demonstrate real world
economics - if there is a shortage/demand of a product, the product's
value will increase.
This video has to do with the topic of scarcity and how we waste resources. Although people may have excess amounts of what they need, they still don't want to share with the rest of the world. In some way, the video represents scarcity and how people without anything struggle to get what they need.
ReplyDelete-Andrew Moy Period 9
This scene demonstrates the issue of supply and demand as the debacle of not sharing the toilet paper is an issue of scarcity as well as greed. While Elaine started off with needing 3 squares of the 2-ply toilet paper, she decreased her request until she was eventually at 1 square of 1-ply paper when Jerry's date kept refusing. Jerry's date told Jerry that she needed a comfortable amount of toilet paper and that she was not going to share it even though she may have been able to spare a single piece. I personally disagree with her actions as I would have shared with Elaine if I were in that situation. Ultimately, Jerry's date controlled the resource and she chose to allocate it entirely to herself instead of splitting it which was a selfish decision in my opinion. - MS
ReplyDeletePd 9 - N.P.
ReplyDeleteFirstly, I want to get out of the way how comical this scene was. To think that she could could not spare a square of toilet paper is very hard to believe. Secondly, as to the question in this post, it might be about scarcity, and supply and demand. The toilet paper was scarce, so the supply was little to nothing, resulting in her demanding, quite fervently, to get some toilet paper. Probably wrong, but that's what I thought anyways.
This comment has been removed by a blog administrator.
ReplyDeletepd 9 - NA
ReplyDeleteThe economics behind this scene in Seinfeld is that when resources are low, a person will not sacrifice their comfort to fulfill someone else's need; the only time a person will help a person in need is when they have fulfilled their level of comfort and still have excess. A person in need will lower their needs to a bare minimum but still, the person with the resource will not give up any of their resource until their are satisfied and comfortable. Jerry's date would have given Elaine the toilet paper if she had an excess of it. But since she had just the right amount for herself, she did not want to give any of it up.
Stephen C Period 9
ReplyDeleteI think that the economics behind this video have to do with resources and how much of them we should use. The woman who wouldn't give up the toilet paper claimed she only had enough for herself while the woman on the right kept lowering the about she needed to try an convince the woman to give her a piece. This can be seen in the real world economy because there are many instances when countries or companies don't want to give up what they have even if another group only needs a little. For example when a country or company needs oil, they usually get from a place in the world that has oil and if for some reason that oil producing country claimed they only had enough for themselves, it could lead to serious problems for the economy and the flow of money in the world. Obviously, these problems are represented by Jerry's puzzling look at the end because he doesn't know which argument is the right one just like in the world of economics.
I thought this clip was a really funny way to illustrate the concept of supply and demand. When I normally think of this concept, my mind immediately goes to goods that are in high demand. It was very entertaining to see this concept put into everyday life. Now, when I have something I don't have enough to share, primarily food, I will say that my motives are purely economic. Haha.
ReplyDelete- SS Period 6
GJ Pd.9
ReplyDeleteThe basic economic theme in this video is most likely scarcity. Scarcity means there's limited resources, in this video there is scarcity of the toilet paper. The woman in black shoes could not spare the three squares because she needed all the toilet paper she had. This also exemplifies supply and demand, as there is a small supply of toilet paper but a large/intense demand for it, making it very valuable in this situation.
pd 9 m.a.
ReplyDeleteThis scene in seinfeld is related to economics because of the idea of scarcity. The woman that had no toilet paper needed a small piece, so by asking a woman who could potentially have some to spare, she was trying to use her resources to attain what she needed, rather than how much the other woman wanted.
This scene of Seinfeld seems to demonstrate the idea of limited resources. When the things we need are scarce, we try to keep them for ourselves. People try hoard gold, precious jewels, diamonds, but this person hoarded all the toilet paper. -SK p4
ReplyDeleteThis Seinfeld bit displays an economic theme in life because it shows the scarcity of a need (toilet paper) that one woman needs, but cannot get because in addition to the fact that her stall ran out of paper, the stranger in the left stall only has enough for herself. She even explains it for herself, saying she doesn't have enough to spare for anyone else.
ReplyDeleteD.G , PD 9
T-D. Nam
ReplyDeleteThere are a limited number of squares of toilet paper, and two ladies are both in need of them; the demand is much higher than the resources available, therefore making the two ladies compete.
This is Vanessa.
ReplyDeleteThe person in the stall with the toilet paper did not have enough toilet paper to give away. Knowing the toilet paper was scarce, she could not give it away to the other woman because she wouldn't have enough for herself.
Pd 9. NH
ReplyDeleteI think the economics represented in this clip is scarcity and how people have wants and needs. One girl is out of paper and needs paper although the other girl has paper, but refuses to give some because she believes that there is not enough to share. There is a limited amount of paper, but both girls need it and some people aren't willing to trade- off and give up what they have for others because it might not benefit them, but it could for others. There's two sides to this issue and depending on your situation one might agree or disagree with the girls.
Nick Pagonis
ReplyDeleteP.9
No matter the circumstances or situation one faces in life, economics always finds a way to explain an event. In this scene in Seinfeld, Jane who refuses to give Elaine her toilet paper represents really the mind set of many people in the world today due to the fact that she is very hesitant to give up her resources even though they aren't needs. This is solely because of the fact that if she gives away her toilet paper of any other resource that is limited it can greatly harm somebody. Furthermore if Jane were to give Elaine just one ply of toilet paper it would benefit Elaine but ruin the quality of Jane's resources by making it less affective.
This video resembles economics because in their situation the toilet paper represented a limited resource. Because the toilet paper was very scarce, we saw that the demand for the item greatly increased. Similarly in real life, resources that are becoming scarce increase in value and price. This video clearly shows how an everyday situation can become economic and everything you do can relate to it.
ReplyDelete-Benjamin Liu P9
The economics behind this scene in Seinfeld are related specifically to the moment in the bathroom where toilet paper was the finite resource. The scarcity of the toilet paper as a resource and her need/want for it caused her to ask the neighboring stall to share the resources. She got desperate to the point where she asked for just one ply which shows just how valuable toilet paper can be when you need it the most.
ReplyDeleteI think that the people in this video represent the divide between rich and poor. Rich people see their wealth as solely theirs, while poor people think that if the wealthy gave just a small portion of their wealth to use for necessities, the change in wealth would be unnoticeable by the wealthy. There are, however, rich philanthropists who do things for the wrong reason, such as publicity or tax evasion.
ReplyDeleteAP Eco p. 9 JS
ReplyDeleteThere is a scarcity of toilet paper (a resource) in one of the stalls. People are fighting for a resource that they both need and that also is scarce. It's a funny clip though ;)
Clare Kang pd. 9 --
ReplyDeleteThe scene in Seinfeld perfectly embodies the idea behind economic problem, scarcity, and a smaller and more relatable scale. Girl thought there were unlimited amounts of toilet paper when she entered the bathroom stall; therefore, she unknowingly walked into the stall, only to realize that there was no more paper. That is the fundamental idea behind scarcity. The idea that there are seemingly unlimited wants in the world where there are actually limited resources. Additionally, scarcity causes tradeoff. In the scene, Girl A offered a tradeoff with the Girl B (next to her in the bathroom stall). Obviously, the offer Girl A was measly, which caused Girl B to deny the offer. Girl A wanted some toilet paper from Girl B without offering anything in return. This unequal trade was a clear reason why Girl B did not want to share her resources (toilet paper).
SK - The economics of the situation is that Jerry's date happens to have a product or commodity that Elaine needs, yet Elaine has nothing to offer to Jerry's date. Without anything to offer, she is essentially asking for a handout and for someone else to waste their resources, therefore she is denied the toilet paper.
ReplyDeleteK.C. 8/10/15
ReplyDeleteThis scene relates to economics because it displays needs vs. wants. The woman in the stall who had no toilet paper actually needed some toilet paper because there wasn't any. However, the woman in the stall who had toilet paper could technically spare some but she did not want to. She didn't absolutely need all of it, because the other woman even said that she'll take one ply if it is double plyed.
The economics behind this scene relates to the topic of scarcity. The basic economic problem in society is having unlimited wants with a limited supply of resources. In this scene, a lady does not have a resource she needs, while another lady who does, only has a limited supply for herself. If the supply was replenished, she could have decided to allocate her resource differently, perhaps by sharing it with the lady who was in need of that resource.
ReplyDelete-N.R period 9
I think that this scene contains an abundance of economics in a sense. First is how supply and demand plays a role in everything in life and its major importance in economics. If there is a higher amount of demand when compared the supply, then the supplier is in complete control. Since the lady didn't have toilet paper and needed it desperately all the power/control went to the other lady. It also showed how people would accept the bare minimum when they are desperate enough for an item. Lastly it showed how people could have different views on the same topics and how important each view is.
ReplyDelete-VS
Dan L: This scene shows the concepts of supply and demand and of scarcity. One of the women has the toilet paper and the other needs it. They continue negotiating about how much can be spared but the other woman has a scarce amount herself so she can't spare any.
ReplyDeleteCC P4 hahahaha I guess toilet paper worth a lot more than a dollar bill in that situation.
ReplyDelete