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When you are finished with Lesson 1-4, you will be able to:
- Describe supply and demand orally and with graphs.
- Discuss how supply and demand affect prices of products and services.
Assignment 1.4.1
- Obtain a copy of the notes handout.
- Read Lesson 1-4 on pages 23-26.
- As you read, utilize this presentation to help you fill in the missing parts on the handout.
Assignment 1.4.2
Assignment 1.4.3
- The prices of some products change a great deal in a short time, while the prices for other products remain quite stable. Identify several products that experience regular price changes and several that do not. Create a new Google Drawing titled Prices-(Your Initials) and move it into your Chapter 1 folder. Label one half Unstable Pricing and the other half labeled Stable Pricing. Use pictures of each product, graphics, objects, and text on the side that it represents. Type a brief reason why each product is stable or unstable. You should have a minimum of 8 products shown on each side, thus a minimum of 16 products total.
- Read Heifer International on page 27. As you read, think about the Think Critical questions at the bottom right side of the page. Create a new Google Document titled Heifer International – (Your Initials). After reading the article, write a two-paragraph report. In the first paragraph, provide answers to the two Think Critical questions posed on page 27. In the second paragraph, explain the ways that the work of Heifer International improves relationships between people from the United States and those from other countries around the world.
