AP Economics – 9/18/19
I. Bellwork:
A. Illustrate each of the following by constructing a simple supply curve graph with arrows:
- an increase in quantity supplied
- a decrease in supply
- an increase in supply
- a decrease in quantity supplied
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 determine the impact on Qd, Qs, Demand, Supply, and Price.
III. Discussion
III. Discuss: Equilibrium pgs 69-77
Market Clearing Price/Equilibrium
Prices as Signals
A. 2.3 Shifting Demand and Supply PPT
Shifting Demand and Supply- Macro Topic 1.6 (Micro Topic 2.7)
Double Shifts- Supply and Demand
B. Demand & Supply Shift Practice on iLearn
IV. Homework on iLearn
- 2.4 Supply and Demand Practice
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