Young Sheldon — Haggling Skills

 

Meemaw is having a garage sale and have asked Missy and George to help out. When George questions the pricing decisions of the junk for sale, Meemaw explains that she starts prices high so that people can negotiate and feel like they saved some money, which is another way of arguing that she’s trying to let the customers experience some consumer surplus. When Missy & George try to negotiate for better pay, they realize that it may not work out.

 

Catch Me If You Can: Supply Curve

Here’s a clip from Catch Me If You Can illustrating a few great supply curve principles, including reservation wage. This is the full scene, but you can clip it at 1:19 to show just the relevant parts.

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