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
- Bell Ringer (10 min)
- Journal 19 – Describe the Law of Demand.
Home Learning: Law of Demand worksheet (1-8)
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