1. DC Economics Unit II: Supply & Demand shifts practice
Directions: On Whiteboards, set up 6 S & D diagrams for Satellite TV

2. Diagramming Warmup on Whiteboards: Your product is Satellite TV (both Directv and Dish Network)
1. A very convincing ad warns parents about the dangers of watching too much TV.
2. Satellite TV companies keep prices the same but they start charging an extra $100 for their remote controls!
3. The Price of ipods, a product also made by Satellite TV co’s. at their manufacturing plants, drops drastically.
4. Time Warner cable lowers their prices for cable TV.
5. Directv goes out of business.
6. All Satellite TV companies unexpectedly double their prices.

3. 1. A very convincing ad warns parents about the dangers of watching too much TV.
Q Sat. TV

4. 2. Satellite TV companies keep prices the same but they start charging an extra $100 for their remote controls! P D1 S1
Q Sat. TV

5. 3. The Price of ipods, a product also made by Satellite TV co’s
3. The Price of ipods, a product also made by Satellite TV co’s. at their manufacturing plants, drops drastically. P D1 S1
Q Sat. TV

6. 4. Time Warner cable lowers their prices for cable TV.D1 S1
Q Sat. TV

7. 5. Directv goes out of business.P D1 S1
Q Sat. TV

8. 6. All Satellite TV companies unexpectedly double their prices.
Q Sat. TV

9. Last one: Everyone expects the Price of Satellite TV will go down.
Q Sat. TV

10. Last One: Everyone expects the Price of Satellite TV will go down.
Q Sat. TV