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Human Demand Curve Activity INSTRUCTIONS: 1. On the tennis court, label one line “Price” and one “ Quantity Demanded”. 2. Students form a line that represents a demand curve. Students need to stand with their LEFT arm pointing to the zero for this to work. 3. Read each determinant of demand and have students literally shift left or right by taking a step. Some situations make require them to take several steps as the shift would be significant. You are the demand curve for: ice-cream if the price of milk goes up cereal if the price of milk goes down sunscreen… in January candy in October the Iphone 5S T-shirts with the Geico camel saying, “ Hummmp Dayyyy!” Luxury cars for people who win the lottery Snow boots in July in GA Gasoline when the price of oil goes up (this should be inelastic and will look like a straight vertical line) Macklemore concert tickets Miley Cyrus T-shirts Michael Jackson T-shirts right after his child molestation trial Michael Jackson T-shirts today Video rental stores The newest Call of Duty video game Advertising slots for teen products during the show Catfish “One Direction” t-shirts ( let them move right) ……. In a store for women over 80 Butter when the price of margarine goes up Mcdonald’s burgers the day after a news story about several deaths from their meat The Lone Ranger movie in theaters after reviews that it was not worth the money. Miniature colored lights in December For clothes made by the designer that Rihanna wore to the VMAs that everyone loved Economics textbook today Economics textbook the day before graduation and you have a 64 To wrap up: Form 2 circles of students. One is inside the other. The inside circle faces outward. The larger, outside circle, faces inward so students are looking at one another. Tell them to answer the question to their partner, then one circle rotates left, the other right for 5 steps. Stop. Answer another question. 1. What are the determinants of demand? 2. What does IRDL represent? 3. Why does demand always shift right when income increases? 4. When have you been disappointed by a good? Did you purchase it again? What impact do you think that had on that company? 5. Name 2 products that substitute goods. 6. Name 2 products that are complimentary goods. 7. How do celebrity endorsements increase market size?