2/1 Laws of Supply & Demand

Whenever you need help, please ask for it.

Please write your homework in your assignment book.
Please review the goal and agenda for the day (posted in the classroom).

Today in class you will 

•  discover the laws of supply and demand.
• analyze situations about supply and demand.

Why?

• To develop your understanding of economy.
• To understand the influence of consumers on price.

Complete the survey found at this link.

1.  Discuss with someone near you what you will be doing in class today and why (see above).   1 minute

2.  Make a copy of the document linked here. Use the icon next to its name to move it into your social studies folder. Use the document to respond to the questions.         10 minutes

3. Whole class discussion.       7 minutes

4.  With a partner at your table, discuss and complete the document linked here.         5 minutes

5. Whole class discussion.       7 minutes

6. Make a copy of the supply and demand scenarios linked here.  Use the icon next to its name to move it into your social studies folder. Use the document to respond to the questions.

         20 minutes

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Parents: Instead of Asking Your Child, 
"What Did You Do in School Today?"

Ask them.......

• What are the four laws of supply and demand?
• What is supply and demand used to determine?
• Describe a situation in which supply and demand come into play?