Aim: Why do economists call the demand curve one of the main "tools" of their profession?
Bell Ringer: Review "Law of Demand" worksheet
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. Demand Worksheet (Part 2) (10 min)
- 3. Complete the note-taking guide (Demand) using their textbook (McGraw-Hill Economics Principles and Practices pp. 88-115), online resources, or class notes as appropriate. (rest of class)
Home Learning: Complete your designated section of the NTG and Part 2 of Demand Worksheet
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