Economics – 11/06/13
I. Bellwork – Q&A
A. Page 147 Analyze the Impact 1-2
B. Answer the additional questions below
1. What is a benefit of selling merchandise on-line?
2. What is a disadvantage of buying merchandise on-line?
II. Objective
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, and surpluses.
- Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem.
III. Notebook Activity & Discussion
- Equilibrium Video
- Comparing Rationing to the Price System – Economics- Critical Thinking Activity 6
- Additional Equilibrium problem
IV. Classwork
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