1. Illustrate the following with supply and demand curves: a. With increased access to wireless technology and lighter weight, the demand for laptop
computers has increased substantially. Laptops have also become easier and cheaper to
produce as new technology has come online. Despite the shift of demand, prices have fallen.
b. Cranberry production in Massachusetts totaled 2.37 million barrels in 2008, a 56 percent
increase from the 1.52 million barrels produced in 2007. Demand increased by even more
than supply, pushing 2008 prices to $56.70 per barrel from $49.80 in 2007.

B. Cranberry production in Massachusetts totaled 2.37 million barrels in 2008, a 56 percent

increase from the 1.52 million barrels produced in 2007. Demand increased by even more

than supply, pushing 2008 prices to $56.70 per barrel from $49.80 in 2007.

•A demand curve shows the relationship between quantity demanded and price in a given market on a graph.

•Supply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply.

CARRYONLEARNING

STAYSAFE

answer:

you should learn to recognize these eight warning signs for drowsy driving:

you keep yawning.

you are unable to keep your eyes open.

you catch yourself “nodding off” and have trouble keeping your head up.

you can’t remember driving the last few miles.

you end up too close to cars in front of you.

you miss road signs or drive past your turn.

you drift into the other lane of traffic.

you drift onto the “rumble strip” or onto the shoulder of the road.