Choose TWO of the following choices to complete.

1) Comparison Shopping A) Use the website http://www.gasbuddy.com/ to comparison shop for gas. Graph a minimum of three locations on your fully labeled chart. B) answer the following. Where would choose to buy your gas? What is the price/gallon? Why did you choose to buy there? What is the biggest determinant in the price of gas?

2) Equilibrium Price A) Graph two changes in equilibrium price, one due to a supply shift and one due to a change in demand. Be sure to clearly label completely, including the old and new equilibrium prices. In a minimum of one, explain what caused the changes in equilibrium price.

3) Supply & Demand A) In a minimum of one paragraph, answer the following. What is an example of how demand or supply has affected your everyday life? Include an example of at least one product or service which has seen increased demand or supply and one product or service which has seen decreased demand or supply.

B) Include at least two complete demand or supply graphs/schedules illustrating your findings. Make sure they are completely labeled. You have a choice of the following demand/supply curves: an individual demand/supply curve, a market demand/supply curve, a change in quantity demanded/supplied or a change in demand/supply. Be sure to include a fully labeled schedule to go with your chosen demand curve.