Deriving a Supply Curve Activity

[steven_huang]

Deriving a supply curve

(experiment, demonstration)

Instructor asks students the minimum price they would accept in order to shave their head. Alternatively, instructor could name prices and ask class how many students would be willing to shave their head at each price. Either way, results are tabulated into a supply curve.

• For larger classes, can be done with a sub-set of students as a demonstration for the rest of the class, or results can be collected with clickers.

[pc2]

maybe between $15 to $20

[s_sargent]

between $50 to $100

[A_Smallwood]

$800 - $1000

[V_Smallwood]

between $200-$250

[CharliG]

Probably around $100 

[GeorgiaB]

1250

[BrittyGritty]

I would do it for $10,000 (or a car) to make up for the stress of losing my hair.