Aim: How can the supply curve be used as a "tool" for studying markets?
Bell Ringer: Check "Supply" worksheet that was done when I was absent.
Objectives:
- 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. Bell Ringer (10 min)
- 2. Supply QQT
- 3. Supply Unit Test
Home Learning: NO HW!
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