Economics STEM Reflection

Name: _____________________________

1. Tape was a scarce resource. How did that scarcity affect the price?

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2. Did you merge with another company? Why or why not? If you did merge, how was it
helpful and/or hurtful?

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3. Did you outsource your labor? Why or why not? If you did, how did it help and/or hurt
your group?

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 4. How does this STEM relate to the article we read at the beginning of class? How does
this relate to the real world?

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Name: _________________________________

Circle what you think will happen to the price if

The supply is high but the demand is low

Price Increase Price Decrease Price Steady

The supply is low but the demand is high

Price Increase Price Decrease Price Steady

The supply is high and the demand is high

Price Increase Price Decrease Price Steady

The supply is low and the demand is low

Price Increase Price Decrease Price Steady

Name: __________________________________

Circle what you think will happen to the price if

The supply is high but the demand is low

Price Increase Price Decrease Price Steady

The supply is low but the demand is high

Price Increase Price Decrease Price Steady

The supply is high and the demand is high

Price Increase Price Decrease Price Steady

The supply is low and the demand is low

Price Increase Price Decrease Price Steady