Aim: Why do
economists call the demand curve one of the main "tools" of their
profession?
Bell Ringer – Review previous
exam
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. Lesson Intro: YouTube:
https://www.youtube.com/watch?v=ShzPtU7IOXs (10 min)
3. Journal 68 –
Describe the Law of Demand.
Home Learning: Law of
Demand worksheet / due on Monday! =)
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