Copyright © Pearson Education, Inc.Slide 1 Chapter 6, Section 1 Essential Question Ch 6: What is the right price? Section 1: What factors affect price?
How Prices are Determined Prices play an important role in our economy. Everyone who participates in the economy jointly determines prices. Prices are.
Chapter 6: Prices Section 1. Copyright © Pearson Education, Inc.Slide 2 Chapter 6, Section 1 Objectives 1.Explain how supply and demand create equilibrium.
Chapter 6: Prices Section 1. Objectives 1.Explain how supply and demand create equilibrium in the marketplace. 2.Describe what happens to prices when.
Warm Up: 4 May 2011
What is Economics?
