Bellarmine University - Louisville, Kentucky - Home of the ...



The open-response bank that Jefferson Co. has posted on their website



The password is orq2002

Search for High School Geography Open Response Items

[pic]

[pic]

| | |

| | |

| |Changes in Supply and Demand |

| | |

| | |

| | |

| |High School Subject:  Geography/Gov/Econ |

| |Social Studies - Economics |

| |ID # 1532 |

| | |

| | |

| | |

| |Core Content |

| |SS-H-3.3.1 - Numerous factors influence the supply and demand for products (e.g., supply - technology, cost of inputs, number of |

| |sellers; demand - income, price of similar products, consumers’ preferences). |

| | |

| | |

| |Prompt |

| |In the US economy, people demand goods and/or services, businesses supply them and the balance of supply and demand determines |

| |the price. This cycle fluctuates based on external factors. |

| | |

| | |

| | |

| |Instructions |

| |Choose one scenario from the following and explain how and why supply, demand and price would be affected. |

| |- On her national talk show, Oprah Winfrey speaks negatively about the cattle industry by stating she will not eat beef for fear |

| |of contracting mad cow disease. |

| |- The government decides not to regulate the downloading of music from the Internet. The recording industry voices its concern |

| |about the future of CD sales. |

| |- Florida orange growers produce a bumper crop this year. Grocers are stocked to the rafters with products made from oranges. |

| |- Michael Jordan has agreed to endorse a new brand of tennis shoe. Because of this endorsement, the shoes become very popular and|

| |stores are having difficulty keeping the shoes in stock. |

| | |

| | |

| | |

| |Examples to Look for in a Student Response |

| |Scenario One: |

| |Beef demand decreases, beef supply increases, prices decrease |

| |Scenario Two: |

| |Demand for CDs decrease, supply of CDs increases, prices decrease |

| |Scenario Three: |

| |Supply of orange products increase, demand for orange products remains the same, prices decrease. |

| |Scenario Four: |

| |Demand for shoe increases, supply of shoes decrease, prices of shoe increase, |

| | |

| |Scoring Guide |

| | |

| |4 -Student accurately explains how and why supply demand and price are affected. Answer demonstrates in-depth understanding of |

| |the supply-demand-price relationship. |

| | |

| |3 -Student accurately explains how and why supply demand and price are affected. Answer demonstrates basic understanding of the |

| |supply-demand-price relationship. |

| | |

| |2 -Student accurately explains how and why supply demand and price are affected. Answer is vague and/or inaccurate |

| | |

| |1 -Student accurately explains how and why one (supply, demand,or price) are affected. Answer lacks detail and accuracy of the |

| |supply-demand-price relationship. |

| | |

| | |

| | |

| | |

| | |

| | |

| | |

| |

|  |

|Student Page |

|If you are using Internet Explorer, you can increase the font size both for viewing and printing. |

|Choose View/Text Zoom from the menu (Mac) or View/Text Size (Windows); then increase the setting. |

|If you have questions or comments regarding this item, please send email to: |

|orib@jefferson.k12.ky.us |

|Please include the ID# of this item in the subject line of the email. |

Press the Back button in your browser.

 

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download