Economics – 11/08/13
I. Bellwork Q&A
From a starting point of D & S
- What is the current equilibrium price?
- What is the new price if demand remains constant and supply increases to S2?
- What would be the new price if demand decreases to D1 and Supply increases to S2?
- What would be the price if demand remains constant D and Supply increases to S1?
- What could cause an increase in the supply of gold?
II. Objective
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.
- Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem
III. Discuss
- Section 6-1 & 6-2 Review Worksheet
- Changes in Demand & Supply Graph
IV. Classwork
- Pg. 148 Vocabulary (6)
- Pg. 154 2-7 Q&A
- 6.-2 Equilibrium problems
V. Section 6-1 & 6-2 iLearn Quiz Today
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