AP Economics – 10/01/19
.I. Bellwork
A. Page 484 #2
II. Objectives:
- Explain the meaning of consumer and producer surplus and their relationship to the demand and supply curves.
- Interpret and construct graphs based upon information provided to determine consumer and producer surpluses
III. Discuss: Consumer and Producer Surplus pages 485-496
- Willingness to Pay
- Changing Prices and Consumer Surplus
- Producer Surplus and Cost
- Changing Prices and Producer Surplus
IV. Classwork: on iLearn
49.1 & 49.4 Worksheet
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