Since we have been learning about costs for products, think about an item in which the price shocked you.

(1) What was the item, and what was the price? (2) Why were you shocked? (3) What did you think the item cost to make? (4) Did you purchase the item, get a different item, or just walk away? (5) Share your thoughts at the time and tell us what your next step was, i.e. research, savings, purchase later when the price was lower?

[[ classmate example:- For me, I think about the price of a Tesla Model S. I did a group project on the Tesla Model S and many were shocked to find the price near $105,000! Being the accountant that I am, I researched the car and concluded that the new technology and state of the art features cause the high price. Of course, the market is willing to pay it. I was curious as to why someone would pay that much for a car, but the cost of ownership is much lower on the Model S than traditional gas powered cars. The performance is better, too. So, even though I am not (currently) in the market for a Model S, I understand the pricing. And, there are a few around so I can admire them when I see one. ]]]