1. Changes in Supply and Demand
Module 7
Changes in Supply and Demand

2. M7 Quiz 1. Draw a graph of an increase in demand.
List 2 examples of determinant changes which could cause this.
Write what happens to equilibrium price and quantity
2. Draw a graph of a decrease in supply.
Write what happens to equilibrium price and quantity.
3. Draw a graph of a simultaneous increase in demand and decrease in supply.
List an example of the events which could cause this.
Write what happens to equilibrium price and quantity *hint this is tricky*
M7 Quiz

3. Reffonomics.com 2 teams (even # of people please)
Different sides of the room
Choose a team captain and Team name (name must relate to economics)
Create a Line-Up Roster
People who know the least should go first (easier questions in the beginning)
For more than 9 players on your team, make pairs on the roster (only 9 questions per team)
Reffonomics.com