AP ECONOMICS: September 10

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Presentation transcript:

AP ECONOMICS: September 10 Warm-up #1 Draw four graphs for bicycles (1) increase D; (2) decrease D; (3) increase S; (4) decrease S. Give a justification (hypothetical reason for the shift) for each. Warm-up #2 Draw two demand graphs—one for Coca-Cola and one for Pepsi-Cola. Show how an increase in the price of Pepsi-Cola impacts both graphs. --check Worksheet 5.5 (HO from earlier) --check Worksheet 6.4 (HO from earlier) Learning Target In order to establish a thorough understanding of the workings of a free market economy, I will analyze market equilibrium. I will know I have it when, on a supply and demand graph, I can show and explain an example of: (1) equilibrium; (2) a surplus; and (3) a shortage. --Worksheet 7.1 (HO)—work together (full class) --Worksheet 7.3 (HO)—pair up and practice Assignment Read Module 7; GC videos Thursday: FRQ #1 (Production Possibilities) & FRQ #2 (Comparative Advantage) Friday: MCT #1