Economics – 11/05/18
I. Bellwork
Copy the schedule, identify and label the amount of shortage or surplus
| Price | Quantity Demanded | Quantity Supplied | Shortage/Surplus |
| $1.00 | 500 | 100 | |
| $2.00 | 350 | 200 | |
| $3.00 | 250 | 250 | |
| $4.00 | 150 | 400 | |
| $5.00 | 50 | 500 |
II. Objectives
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.
- Synthesize information from a range of sources (e.g., texts, experiments, simulations) into a coherent understanding of a process,
- Draw evidence from literary or informational texts to support analysis and reflection
III. Notebook: Shortage and Surplus Identification
IV. Discussion and application of price changes
- Economic Low Down – Equilibrium
- Pearl Game
V. Classwork
A. Worksheet 7.1 on iLearn
B. 154 2-7 Q&A
- 6-2 Quiz – Graphing Supply and Demand Wednesday
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