N o t e b o o k
H a n d o u t
Section 6.4 Reading Notes
Analyze the effects of each news headline about the athletic shoe market. For each event,
label the axes, demand curve, and supply curve.
explain the effect of the event on the demand or supply c
Review with your neighbor
1. Define scarcity
2. Define Economics
3. Identify the relationship between scarcity
4. Explain how Macroeconomics is different
5. Explain the difference between positive and
Unit 1: Basic
Utility = Satisfaction!
Marginal = Additional!
Allocate = Distribute!
Scarcity vs. Shortages
Scarcity occurs at all times for all goods.
Shortages occur when producers will not or
Unit 2 Demand & Supply Assignment I
You will be assigned at random 4 different scenarios, see spreadsheet. You
are to complete a Show Me for each separate scenario. The videos should
be connected, and should not run more than 90 seconds per scenario.