Supply demand issues
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Supply demand issues

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Supply demand issues Supply demand issues Presentation Transcript

  • Bellringer1. Why do you think economists are always talking about supply and demand?
  • LA Restaurant MarketChange to Supply or Demand?
  • Florida Orange MarketChange to Supply or Demand? View slide
  • Florida Hotel Room MarketChange to Supply or Demand? View slide
  • Iowa Hot Dog Bun MarketChange to Supply or Demand?
  • How do markets use Supply and Demand?
  • Read page 77• Why is Equilibrium price important?• Test it out?
  • Another game• http://www.shmoop.com/supply-demand/game.ht
  • Examples of Demand Curve Shifts?
  • Examples of Supply Curve Shifts?