Economics – 11/02/11
I. Bellwork – Q&A
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. Quiz Tomorrow – Understand Figures 6.1, 6.2, and 6.3
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