AP ECONOMICS: January 22 Warm-up #1 Draw two demand graphs for San Antonio Spurs tickets showing: (1) an increase in income (2) the income effect due.

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Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

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AP ECONOMICS: January 22 Warm-up #1 Draw two demand graphs for San Antonio Spurs tickets showing: (1) an increase in income (2) the income effect due to a decrease in tickets prices 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. Learning Target In order to establish a thorough understanding of the workings of a free market economy, I will learn the principles of supply. I will know I have it when, on a supply graph, I can: (1) differentiate between a change in quantity supplied vs. a change in supply; and (2) accurately shift supply curves given various supply curve shift scenarios. See new packet for following items (HO) --Worksheet 6.3 and Module 6 notes (HO) Supply --begin Worksheet 6.2 (HO) Assignment --make sure you are caught up on your GC assignments Tuesday, Jan. 29th: FRQ #1 & #2 Wednesday, Jan. 30th: MCT #1