There are two things that need to be completed for tomorrow:
#1 This is the Prereading Activity from class today. If not finished, then please have it finished tomorrow.
PRE READING Activity - you will need to answer some of these on a piece of paper and bring in tomorrow.
a. There are a few reasons why there is a babysitter shortage at the time this article was written. See how many you can identify.
b. If you have ever babysat for pay and for someone OTHER than your family - what do you charge? Have you ever raised or lowered your prices? Why, what led you to do this?
c. What do you think will happen when a lot of families want to hire a babysitter, but there is only one babysitter available?
d. What do you think might happen if the situation was reversed?
e. Tell me if you Agree Strongly, Agree, Do Not Agree, or Do Not Agree Strongly with the following sentence: It is okay for a babysitter to raise his/her prices if they know several families are in competition for their services. Whoever pays the most gets the babysitter.
f. As you read the article, see if you can list all the different things people were willing to do to acquire a babysitter.
#2 Demand - To access this document you will need to sign up for a scribd account. It is free and easy to do. Please go to the http://www.scribd.com/ site. Sign up and then you can download/print this document. We will use scribd a ton this year. Complete this assignment after reading pages 38-46 in your econ book.
The Importance of Supply and Demand 2011
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