Economics – 10/18/11
I. Bellwork
- Economic Analysis Page 118, 119 & 120 Q&A
II. Objective
- Express supply graphically and analyze how the Law of Supply is represented
III. Video – Economics USA Supply
- What are some reasons there was a lack of U.S. oil producers?
- What incentive caused U.S. oil producers to begin seeking new oil reserves?
- What did President Ford do to curtail U.S oil production?
- Why were U.S. oil controls phased out?
- What happened by 1985?
IV. Classwork-. Plotting Supply Curves & Changes in Supply
B. Determinants which change Supply
V. Online Quiz-iLearn Section 5-1
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