1. Bellringer
1. Correctly draw the demand curve
for this market
2. What price should you choose to
maximize revenue?
3. What would happen to demand
if the average wage increased?
4. What would happen to demand
if soda was found to cause
diabetes?
5. What would happen to demand
if the price of juice tripled?Klein – graph on board

2. Soda Demand
D

3. In the market for
XboxOnes
A. Demand for
XboxOnes will
increase
B. Demand for
XboxOnes will
decrease
C. Quantity demanded
for XboxOnes will
increase
D. Demand for PS4s
will increase

4. In the market for
PS4s
A. Demand for PS4s
will increase
B. Demand for PS4s
will decrease
C. Quantity
demanded for
PS4s will increase
D. Quantity
demanded for
PS4s will decrease

5. Quantity
$
Graphically speaking… Demand of movie tickets
D*
A RAISE!!!!
A Child!!!!
D after raise

6. Klein Graph increase and decrease on
board

7. On a separate sheet of paper
Graphically sketch the changes to the demand curve, 1 curve won’t change
Identify the part of TRIBE Label your graphs
1. Unemployment rises (steak)
2. New residents move to Arizona (houses)
3. The price of buns increases (hot dogs)
4. The internet gets more expensive (itunes mp3’s)
5. Unemployment rises (Canned Ham (SPAM))
6. You go to college (text books)
7. Average wage rises 10% (Hawaiian vacations)
8. Stock market increases in value (used clothing)
9. The price of meat increases (A1 steak sauce)
10. Eegees releases a brand new flavor (slushies)
11. Gas prices increase to $6.50/gallon (bicycles)
12. Xbox360 games get cheaper (Xbox360 games)
13. Dept of Labor reports college grads earn more $$ (college degrees)
14. You read an article that gas prices will triple next month (gas)
15. Make up your own example and show demand shift
$
Q