Unit 3
Supply, Demand & Market Equilibrium Price
"Without free speech all speech becomes government speech!"
Essential Questions
1) How does supply and Demand interact to determine price?
2) What determinants cause demand/supply to shift?
3) What effect does price have on the quantity demanded/supplied?
4) How does the "invisible hand" guide the market to equilibrium?
5) How do producers decide what to charge for their products?
Student Objectives
Students will be able to explain...
1) the interaction between supply and demand and on changing prices.

Unit 3 warm-ups GS | |
File Size: | 2280 kb |
File Type: | pptx |
Unit 3 Vocabulary
Ceteris paribus, literally "holding other things constant," is a Latin phrase that is commonly translated into English as "all else being equal."

Window Pane | |
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Demand Student Practice | |
File Size: | 187 kb |
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Changes In Supply Practice | |
File Size: | 229 kb |
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MEP Review Key | |
File Size: | 252 kb |
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