Lesson 1.04 Demand
Insert your Graph Here as a Picture.
1) Use the data generator in the lesson, to get data to plot on your graph. Create the graph
and plot out the points given to you. Be sure to label all parts of the graph and give it a
Step 1: Your Dilemma:_
Step 2: Fill out your T-Chart
1. Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma.
2. What are the possible short-term costs and benefits? What are the po