Market equilibrium Demand and supply shifts and equilibrium prices The Demand Curve 2 The demand curve… Graphically shows how much of a good consumers are Describe the equilibrium shifts when demand or supply increases or decreases. 1. 2. 6. Identify a competitive equilibrium of demand and supply. Friday, October 10 - Demand Quiz, then Intro to Supply. Define Demand and the Law of Demand. 2. (Assume a market exists.) Supply and Demand Infographic Supplemental Activity . Why is supply upward sloping? Th d d The demand curve The supply curve Factors causing shifts of the demand curve and shifts of the supply curve. Highlight the curves that are the most elastic of the two supply curves and the most elastic of the two demand curves. The . Product to Graph Event Graph Showing the (List the Letter from the note page.) Just like demand, supply can also be shown in a chart and graph. Have your students practice drawing their Demand and Supply Graphs by analyzing one of the (5) shifter rules for Demand and Supply. Supply Schedule for Ipads Price for one Ipad. Quiz Market_Demand_Supply.pdf. Label each one as either a supply or demand curve. The amount (quantity) of Ipads supplied. $400 10 = is the amount the business (Apple) will be willing to make and supply. Supply and Demand Worksheet NAME: _____ 1. Basic Market Changes in Supply and Demand or Quantity Supplied and Demanded (Assume Ceteris Paribus.) (Do Supply Icebreaker. Homework (if time): Smoking Demand Case Study.) 1. Explain your logic and tell the result. Create a demand graph using the following table of values: PRICE QUANTITY 10 500 20 450 30 400 40 350 50 300 60 250 70 200 2. Answers Key for Questions 1–6 . Create a supply graph using the following table of values: PRICE QUANTITY 10 200 20 250 30 300 40 350 50 400 60 450 70 500 3. Quiz with answers Market_Demand_Supply_Key.pdf This means that when price increases the quantity demanded Thursday, October 9 - Determinants of Demand (Day 2) (Assignment: Reasons for shifts in Demand Curves. The quiz can be downloaded here (in pdf format) along with a quiz with answers included. states that the price of a good or service varies inversely, or negatively with the quantity demanded. (Show only the First Change.) Graph each the following demand/supply schedules on one demand graph and then answer the questions below: Price Per Compact Disc. Go over if time. Apply the supply and demand principle to real life examples. Define and explain supply and demand. Combining Supply and Demand Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied (in the millions) per week at each price. Define Supply and the Law of Supply. Go over worksheet. 3. Examine the graphs below. This lesson worksheet / quiz provides multiple choice, short answer and fill in the blank questions covering market demand and supply and changes in market equilibrium prices? Below is a supply curve schedule for Ipads and supply curve graph. Assignment 2: Changes in Demand and Quantity Demanded Worksheet. law of demand. 7. The Supply Curve The Demand Curve The Equilibrium Point Highlight and label the areas where Surpluses and Shortages occur. Cars the supply curve shifts to the right, or increases. Identify the Shifters of Demand. 1 Supply and Demand Lecture 3 outline (note, this is Chapter 4 in the text). Supply shifter: change in technology N: Congress Passes new “Sugar tax” Sugar the supply curve shifts to the left, or decreases. Kids must draw a Demand and Supply graph at equilibrium, label it appropriately, then determine what will shift (either demand or supply… NSS-EC.9-12.8 Supply and Demand Student Learning Objectives: As a result of this lesson, the student will … 1. 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