Lesson on Tuesday, September 18, 2018 (L18)

Aim: Why do economists call the demand curve one of the main "tools" of their profession?  

Bell Ringer – Review previous exam 

Objectives 

1. 1. Students will define supply, demand, quantity supplied, and quantity demanded; graphically illustrate situations that would cause changes in each, and demonstrate how the equilibrium price of a product is determined by the interaction of supply and demand in the market place. 

Agenda 

1. 1. Bell Ringer (10 min)  

2. 2. Lesson Intro: YouTube: https://www.youtube.com/watch?v=ShzPtU7IOXs (10 min)  

3. 3. Journal 19 – Describe the Law of Demand. 

Home Learning: Law of Demand worksheet (1-8)