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	Date/Time	Made By	Edit Note	Type	Scope
	Oct 28 2007, 11:19 AM EDT	julie.lin		edit	48 words added
Change: Julie Says: hi serena i also read that article and felt the same, i think that if the government did not make those goods illegal theywouldnt be so expensive, and i think that it will have less a high demand, but less shortage of supply? im not sure.Kevin says: View changes from previous version. (Word count: 7949)
	Oct 21 2007, 12:26 AM EDT	ElaineLung		edit	120 words added
Change: bags because of their exclusitivity and their perceived value as a status-booster. Along the same lines, I would think that some people would only buy View changes from previous version. (Word count: 7901)
	Sep 28 2007, 1:18 AM EDT	jenniferchoi	thoughtform	edit	99 words added 2 words deleted
Change: Once I read this article comparing the prices of goods between Korea and Japan. It said, about twenty years ago a lot of Japanese people used to come to visit Korea to buy the products they want at much lower price that they would in Japan. But this View changes from previous version. (Word count: 7780)
	Sep 27 2007, 6:49 PM EDT	TaeRimKim	Law of Diminishing Marginal Utility	edit	114 words added
Change: To Charlie's question, yes, i guess in some way the money could be considered a 'utility', but is not considered into the Law of Diminishing View changes from previous version. (Word count: 7685)
	Sep 27 2007, 5:38 PM EDT	123kc		edit	46 words added
Change: It's not moral to buy fake DVDs...but we all do it, because it's cheaper than real versions, and there is little the DVD industry can do, other than lowering its price to match...so would fake DVDs be considered a substitute to real, copyrighted DVDs? Exceptions to the View changes from previous version. (Word count: 7570)
	Sep 27 2007, 1:53 PM EDT	HansenGu		edit	108 words added
Change: With so many fake products here, is the utility of buying a genuine brand-name bag really that high? I can't tell the difference between a View changes from previous version. (Word count: 7520)
	Sep 27 2007, 12:56 PM EDT	dayzrox		edit	170 words added
Change: The irony lies in the fact that even if governments tried to enforce rules that would supposedly reduce inequality between the rich and the poor, View changes from previous version. (Word count: 7409)
	Sep 27 2007, 11:58 AM EDT	CalebLiao		edit	36 words added
Change: to be sold at a lower price. Caleb Liao: What messed me up the most in doing the work in class was learning that Marginal Utility like doesnt just keep going down. It can go up and then down and then back up. View changes from previous version. (Word count: 7237)
	Sep 27 2007, 11:38 AM EDT	jlau21		edit	90 words added
Change: Yea, I agree with all of you. Techinically, money isn't considered in the law of diminishing utility as it only pertains to goods and services, View changes from previous version. (Word count: 7201)
	Sep 27 2007, 10:13 AM EDT	mrdaily		edit	122 words added
Change: The obvious ultimate goal of suppliers and producers is to maximize their total revenue. This means that the amount of money they gain from the View changes from previous version. (Word count: 7109)
	Sep 27 2007, 8:24 AM EDT	Robert.Wang		edit	187 words added
Change: Regarding this question of morality vs. market efficiency, I think it's just one of those issues where you have to strive to find the balance. View changes from previous version. (Word count: 6984)
	Sep 27 2007, 8:04 AM EDT	agoldman		edit	10 words added 6 words deleted
Change: great a loss of its old customers. Yes, And yes, I realize itI isam shaky.pushing it.Mond says:I believe people purchase veblen goods for it is a representation of their status in View changes from previous version. (Word count: 6794)
	Sep 27 2007, 8:02 AM EDT	agoldman		edit	133 words added
Change: I'm not sure if this is an example of a Giffen Good, but it could hypothetically defy the law of demand. Imagine if there was View changes from previous version. (Word count: 6790)
	Sep 27 2007, 7:05 AM EDT	kevinhuang		edit	51 words added
Change: Kevin: Of course it applies to more, pretty much all economic laws pertain to products and services and this is one of them. If you View changes from previous version. (Word count: 6655)
	Sep 27 2007, 6:05 AM EDT	annieycsung		edit	142 words added
Change: I agree that expensive designer brands are more expensive in Asia due to their high demand as a sign of status. And of course, there View changes from previous version. (Word count: 6604)
	Sep 26 2007, 9:55 PM EDT	claire425		edit	112 words added
Change: : Well, already a lot of opinions about this question came out, but not many people disagreed with the higher price in Asia. I also View changes from previous version. (Word count: 6461)
	Sep 26 2007, 8:10 PM EDT	howardlin		edit	104 words added
Change: Totally Moral is hard to be seen on a market, because people always have to earn money right? Although, as the economists say that it's View changes from previous version. (Word count: 6348)
	Sep 26 2007, 11:08 AM EDT	richardtu		edit	110 words added
Change: I agree that price ceilings and price floors do nothing but destroy the efficiency of a market. However, I do believe that if the government View changes from previous version. (Word count: 6242)
	Sep 26 2007, 11:02 AM EDT	kathie2989		edit	151 words added
Change: yay don't we love this industry. Yes, it is true that the products from these certain luxury brands are more expensive here in Asia as View changes from previous version. (Word count: 6132)
	Sep 26 2007, 11:00 AM EDT	Christinah		edit	2 words added 3 words deleted
Change: YouGovernments can, at the best, consider the needs of the majority of yourtheir citizens. For example, if price ceilings were employed in China to help the poverty-stricken masses, imagine what View changes from previous version. (Word count: 5978)

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