Slide 1CHAPTER 7: DEMAND AND SUPPLY Economics Per. 6 Slide 2 The Marketplace Demand: All consumers have influence on the price of goods and services How people in the marketplace…

Slide 1 Slide 1 Copyright © Pearson Education, Inc.Chapter 5, Opener Essential Question CH5: SUPPLY How do firms/suppliers decide what goods and services to offer? Slide…

Slide 1 Supply Slide 2 Objectives SWBAT explain how supply shifts and affects price Slide 3 DO NOW Predict –What happens to the quantity supplied as price goes UP? –What…

Unit 3: Chapter 5 Supply Unit 3: Chapter 5 NOTES 11/5 The amount of a product that would be offered for sale at all possible prices Supply Suppliers will normally offer more…

With demand, you were the consumer! With supply, you are the producer⦠the entrepreneur⦠the business owner⦠You are trying to make a PROFIT!!! Supply! How much…

Slide 1 What would be the implication when the relationship between price and quantity in the market is inversely proportional? Is there a chance that the parents of Raju…

Slide 1 Chapter 2: Economic Systems & Resource Allocation Slide 2 Basic Economic Questions W hat to Produce (guns vs. butter) H ow to Produce (labor-intensive vs. capital-…