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.
Ceteris paribus, literally "holding other things constant," is a Latin phrase that is commonly translated into English as "all else being equal."
Demand
Demand Learning Stations
Supply
Supply Learning Stations
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Market Equilibrium Price (MEP)
Market Equilibrium Price Learning Stations
Review Video
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