Aim: Why do
economists call the demand curve one of the main "tools" of their
profession?
Bell Ringer:
Journal 70 – Describe facts that affect demand.
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. Concept
Map and Business Organization note-taking guide presentations. (rest of class)
3. Have
students complete the note-taking guide as each group presents their designated
topic.
Home
Learning: Journal
71 – Describe two products that are
'complements' as described in section 2.
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