1. Quizlet Diagrams
2. Make sure you have finished all of the Study Islands with an 85 average so you can get a 100 in the grade book.
3. Review your study guides so you don't bomb the test.
4. Example of what the FRQ will look like on Friday - discuss among yourselves and make sure you understand.
- Draw a fully labeled market for peanut butter and label the Equilibrium Price and Equilibrium Quantity (fully labeled means both axes and curves are labeled with prices and quantities)
- Show the effect of this headline: "Nationwide Outbreak of Delayed Late Life Peanut Allergy. Everyone is Dying. Everyone." Label the new equilibrium price.
- Describe the change in equilibrium price and quantity due to this shift.
- Be able to label where effective price controls go and their effects on QS and QD.