Aim: If prices act as "signals," do we all
react to the signals in exactly the same
way?
Bell Ringer: Read ‘Spotlight on the
Economy’ P. 155
Objectives:
1.Students will explain ways firms engage
in price and nonprice competition.
2.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.Begin 'Price & Decision Making' Concept Map
and Note-taking guide presentations. (rest of
class)
3.Have students complete the note-taking guide as
each group presents their designated topic.
Home Learning: Chapter 6 Assessment
"Review Content Vocabulary"
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