Warm Up 1.Read the article 2.Summarize what the article is saying 3.State if you agree or disagree and why Line was cut off at the top. It reads: if not.
Unit 2: Supply, Demand, and Consumer Choice
Putting Supply and Demand Together!!! 1. Q o $5 4 3 2 1 P Demand Schedule 10 20 30 40 50 60 70 80 2 PQd $510 $420 $330 $250 $180 D S Supply Schedule PQs.
Unit 1 Basic Economic Problems. Our wants are UNLIMITED but resources are LIMITED……… So there is SCARCITY Hence we have to make CHOICES.
Review 1.Explain the Law of Demand 2.Explain the Law of Supply 3.Identify the 5 shifters of demand 4.Identify the 6 shifters of supply 5.Define Subsidy.
