Economics---Introductory Homework. Due Monday. No Late Work. See TExt.

Why is the price of a cup of Starbucks or Coffee Bean—now $2.05 a cup!! 10 years ago it was $1.35. Why do people still buy it at that price?

After you read, answer again and Use terms such as: necessity, luxury, supply, demand, scarcity, trade-offs….

HW: READ p 5-9. Answer 1-7