Aim: What is supply?
Bell Ringer: Review Demand Unit Test
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)
- 3. Journal 24 – What are the three factors of supply as described in the YouTube video. (10 min)
- 4. Have students complete the note-taking guide (Supply) using their textbook (McGraw-Hill Economics Principles and Practices pp. 116-141), online resources, or class notes as appropriate.
Home Learning: Complete your section of the NTG
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