Aim: Why do economists call the demand curve one of the main "tools" of their profession?
Bell Ringer: Journal 21 – Describe factors 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. Complete the note-taking guide as each group presents their designated topic.
Home Learning: Journal 22 – Describe two products that are 'complements' as described in section 2.
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