2/2 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.

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

2.  Finish this from yesterday: With a partner at your table, discuss and complete the document linked here.  Make a copy of it and use the icon next to its name to move it into your social studies folder.         5 minutes

3. Whole class discussion.       7 minutes

4. 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. With a partner at your table, discuss and complete the situations related to supply and demand.         15 minutes

5. Whole class discussion.           10 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?