Economics – 4/15/2015
I. Bellwork – Q&A
A. Who do you believe is impacted the most by rationing,suppliers or consumers? Support your claim.
B. Present and support the counter argument.
C. Under what two conditions is rationing an acceptable practice?
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.
- Develop claim(s) and counterclaims fairly and thoroughly, supplying the most relevant evidence for each
- Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem.
III. Discussion & Notebook Activity
- Price & Rationing – Brace maps from yesterday
- How do prices act as signals?
- Equilibrium Video
- Equilibrium Exercise
IV. Classwork
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