1. Demand Warmup Complete the worksheet on graphing demand curves.
When finished, jot down the vocabulary words for today.

2. Would You Rather?
2015 Cadillac Escalade
1998 Honda Civic

3. Would You Rather?
Oscar Mayer Bacon
Roundy’s Bacon

4. Would You Rather?
Mansion
Double-Wide

5. Would You Rather?
iPhone
Android

6. Would You Rather?
Netflix
HuluPlus

7. Vocabulary
Complement
Substitute
A complement is a good that is used in conjunction with another good, such as hot chocolate and marshmallows.
A substitute is a good that is used in place of another good, such as tea in place of coffee.

8. More Vocabulary
Inferior
Normal
An inferior good is one that customers will stop buying when their incomes rise.
A normal good is a good that customers will continue to buy even when their incomes rise.

9. Journal
What is one good that you, personally, would be willing to pay almost any price for? Why?