Equilibrium
Shifts in Demand/Supply
Checking
Interest Payments
Random Junk
100
What is the definition of equilibrium?
Demand = Supply, 0 units unsold, balance
100
What are three reasons why the demand curve might shift?
TIRES
100
Where can you find your bank account number when looking at a check?
At the bottom left.
100
A car costs $20,000 cash. You pay $3,000 down, followed by 60 monthly payments of $300.What is your total price?
$21,000
100
Who was the 16th president of the United States?
The guy after the 15th president.
200
Is Q = 9p - 45 an equation for demand or supply, and how do you know?
Supply, because the slope of the line is positive.
200
What are compliments?
Two goods that are used with each other.
200
Your Aunt Deninah writes you a check for $104.34. What will you put in the "check number" column in your checkbook?
Nothing, or a line. If you didn't write the check, you don't write a check number.
200
A car costs $20,000 cash. You pay $3,000 down, followed by 60 monthly payments of $300. What is your interest?
$1000
200
What is the opposite of "up?"
"pu"
300
For the equation Q = -4p + 34, find the desired quantity when the price is $4 and when the price is $5.
For $4, Q = 18. For $5, Q = 14.
300
Macs and Dells are substitutes. If the prices of Macs rise, what will happen to demand for Dells? What will happen to equilibrium price and quantity?
Demand rises, equilibrium price and quantity rise.
300
Write a check for $204.54 to Mr. Sacks, dated for today. Use the template on the board.
See template.
300
A car costs $20,000 cash. You pay $3,000 down, followed by 60 monthly payments of $300. What is your principal?
$17,000
300
Name every person not here today.
See roster.
400
The demand for Kiki's Cookies is expressed by the equation Q = -9p + 45. The supply for Kiki's cookies is expressed by the equation Q = 27p - 54. Find the equilibrium price and quantity.
P = $2.75, Q = 20.25
400
In addition to Targizzle and Searsizzle, and new store called Macizzle opens up. All three sell clothing. What will happen in the market for clothing? (Which curve will shift, which direction, what will be the effect on equilibrium price and quantity)
Supply shifts right, Price down, Quantity up.
400
You start with a balance of $300. You withdraw $30 from an ATM on February 6. You then receive $40 in birthday money the next day, which you deposit immediately. You then get a paycheck for $120 on Feb. 9th. Two days later, you write a check for $99 for a new pair of shoes. Find your balance.
$331
400
A car costs $20,000 cash. You pay $3,000 down, followed by 60 monthly payments of $300. What is your interest rate?
1.18%
400
What are three tips to do well on tomorrow's test?
Study!!!!!
500
The demand for Rita's Rugelah is expressed by the equation Q = -5p + 20. The supply for Rita's Rugelah is expressed by the equation Q = 15p - 30. If Rita sells Rugelah for $4, is her price too high or too low? Will she sell out, or have Rugelah left over, and how much?
Price is too high, there will be 30 left over.
500
Draw a diagram proving that when demand shifts left, equilibrium price and quantity fall. You may not use your notes, and once representative of my choice from your team must draw the diagram on the board.
See board.
500
Frankie starts with $400. He writes a check for $120. Then he gets $50 from his mom. Then he writes a check for $75. Then he gets his paycheck for $120. He calculates his balance as $275. Find his mistake.
He subtracted the $50 from his mom instead of adding it.
500
Why do people pay interest if they don't pay up front?
For the right to borrow other people's money.
500
Who is the best teacher in the school?
I can't believe you would play favorites. That is not cool. You wouldn't like it if your teacher played favorites with students. Def not cool.
M
e
n
u