Slide 1Today is your lucky day! You just won $1000!!! Write down at least 5 things that you will buy with your money. ~WARM UP~ WARM UP Slide 2 What does DEMAND mean?!?!!?…

Slide 1123 Go To Section: LAW OF DEMAND Price Demand As the price of a product increases, consumers buy less of a product ~~~~~~~~~~~~~~~~~ As the price of a product decreases,…

Slide 1Economics Chapter 5 Supply Slide 2 The Law of Supply According to the law of supply, suppliers will offer more of a good at a higher price. Price As price increases……

Slide 1 Understanding Supply (5-1) What is the law of supply? What are supply schedules and supply curves? What is elasticity of supply? What factors affect elasticity of…

Slide 1 Chapter 5 Supply Slide 2 Understanding Supply What is the law of supply? What are supply schedules and supply curves? What is elasticity of supply? What factors affect…

Slide 1 Understanding Supply What is the law of supply? What are supply schedules and supply curves? What is elasticity of supply? What factors affect elasticity of supply?…

Economics: Principles in Action Supply Chapter 5 Supply Producers people who provide goods or services Manufactures provide goods and services From nutrition bars, automobiles,…

PowerPoint Presentation Law of Supply Law of Demand V V V V P P P P P P Activating Strategy, 9.10 Chapter 5 Section Main Menu Chapter 5 Section Main Menu Essential Question…

Economics: Principles in Action Price As price increases⦠Supply Quantity supplied increases Price As price falls⦠Supply Quantity supplied falls The Law of Supply…

Slide 1 Law of Supply MICROECONOMICS SSEMI2 Students will explain how the Law of Supply, prices, and profit work to determine production and distribution in an economy Slide…