Economics – 11/09/10
I. Bellwork – Q&A
Page 147 Analyze the Impact 1-2
What is a benefit of selling merchandise on-line?
What is a disadvantage of buying merchandise on-line?
II. Objective
- Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, price ceiling, and price floors.
III. Classwork
- Page 148 Vocabulary (6)
- Page 154 #2-7 Q&A
IV. Notebook Work:
Graphing Supply and Demand Curves – Identify Surplus & Shortage areas
Supply and Demand of Chocolate Chip Cookies
V. Quiz Tomorrow – Understand Figures 6.1, 6.2, and 6.3
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