Warm Up Warm Up Read the article Summarize what the article is saying State if you agree or disagree and why Line was cut off at the top. It reads: if not for the multiple…

Unit 2: Supply, Demand, and Consumer Choice Do you see the cow? * Review Explain the Law of Demand Explain the Law of Supply Identify the 5 shifters of demand Identify the…

Putting Supply and Demand Together!!! * Q o $5 4 3 2 1 P Demand Schedule 10 20 30 40 50 60 70 80 * D S Supply Schedule Supply and Demand are put together to determine equilibrium…

Slide 1 Unit 1 Basic Economic Problems 1 Prepared by Mayur Patel, Department of Economics 3 major economic questions: What to produce How to produce Whom to produce WHAT…

Individual Markets: Review Explain the Law of Demand Explain the Law of Supply Identify the 5 shifters of demand Identify the 6 shifters of supply Define Subsidy Explain…