1. Bellringer
Fill in the blanks using economic vocabulary
1. Economists would call hotdogs and buns _____?
2. Economists would call hotdogs and hamburgers
_____?
3. Economists would call restaurant dinners _____?
4. Economists would call used items _____?
5. What does “TRIBE” stand for?

2. Which part of TRIBE?
Demand increases, decreases or no change
Market: New Cars
Change: US
government
increases income
tax rates

3. Which part of TRIBE?
Demand increases, decreases or no change
Market: New Cars
Change: Jennifer
Lopez appears in
a series of new
television
commercials

4. Which part of TRIBE?
Demand increases, decreases or no change
Market: New Cars
Change: population
of US increases
by 6 %

5. Which part of TRIBE?
Demand increases, decreases or no change
Market: New Cars
Change: US media
reports next year’s
car models will be
more expensive
due to
environmental
laws

6. Which part of TRIBE?
Demand increases, decreases or no change
Market: New Cars
Change: gasoline
prices increase to
over $4 gallon

7. Which part of TRIBE?
Demand increases, decreases or no change
Market: Sun Tran
bus rides
Change: Average
Tucson gets a 2%
raise

8. Which part of TRIBE?
Demand increases, decreases or no change
Market: Sun Tran
bus rides
Change: Sun Tran
raises fares by
50%

9. Which part of TRIBE?
Demand increases, decreases or no change
Market: Sun Tran
bus rides
Change: Population
of Tucson
decreases for fifth
straight year

10. Which part of TRIBE?
Demand increases, decreases or no change
Market: Sun Tran
bus rides
Change: Gasoline
prices increase to
4%

11. Which part of TRIBE?
Demand increases, decreases or no change
Market: Smart
phone apps
Change:
Unemployment
rate of US
increases

12. Which part of TRIBE?
Demand increases, decreases or no change
Market: Smart
phone apps
Change: prices of
new apps
decreasing due to
advertisements

13. Which part of TRIBE?
Demand increases, decreases or no change
Market: Smart
phone apps
Change: New
iphone released

14. Which part of TRIBE?
Demand increases, decreases or no change
Market: Smart
phone apps
Change: Consumers
think apps will no
longer be free
starting March 1

15. Which part of TRIBE?
Demand increases, decreases or no change
Market: red roses
Change: prices of
chocolate
decreases

16. Which part of TRIBE?
Demand increases, decreases or no change
Market: red roses
Change: prices of
roses increase

17. Which part of TRIBE?
Demand increases, decreases or no change
Market: red roses
Change: Its
February 14

18. Which part of TRIBE?
Demand increases, decreases or no change
Market: red roses
Change: Its
February 16

19. 1 change to TRIBE
 Choose 1 market
 Xbox360s, pizza, Gatorade, hotel rooms
 -1 point for the last place group