Demand and Supply Review 1. Identify the difference between a change in demand and a change in quantity demanded. 7. 1. Just like demand, supply can also be shown in a chart and graph. law of demand. (Assume a market exists.) Supply and Demand Worksheet NAME: _____ 1. Answers Key for Questions 1–6 . Assignment 2: Changes in Demand and Quantity Demanded Worksheet. 1 Supply and Demand Lecture 3 outline (note, this is Chapter 4 in the text). Quantity Demanded Create a supply graph using the following table of values: PRICE QUANTITY 10 200 20 250 30 300 40 350 50 400 60 450 70 500 3. Instruction time for this lesson: 75 minutes Identify the Shifters of Demand. Define and explain supply and demand. NSS-EC.9-12.8 Supply and Demand Student Learning Objectives: As a result of this lesson, the student will … 1. Quiz with answers Market_Demand_Supply_Key.pdf Th d d The demand curve The supply curve Factors causing shifts of the demand curve and shifts of the supply curve. Friday, October 10 - Demand Quiz, then Intro to Supply. Product to Graph Event Graph Showing the (List the Letter from the note page.) Identify a competitive equilibrium of demand and supply. states that the price of a good or service varies inversely, or negatively with the quantity demanded. 1. Kids must draw a Demand and Supply graph at equilibrium, label it appropriately, then determine what will shift (either demand or supply… The amount (quantity) of Ipads supplied. 4. Go over if time. Explain your logic and tell the result. Combining Supply and Demand Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied (in the millions) per week at each price. Define Demand and the Law of Demand. Label each one as either a supply or demand curve. Practice Questions and Answers from Lesson I -4: Demand and Supply The following questions practice these skills: Describe when demand or supply increases (shifts right) or decreases (shifts left). (Show only the First Change.) The Supply Curve The Demand Curve The Equilibrium Point Highlight and label the areas where Surpluses and Shortages occur. This means that when price increases the quantity demanded $400 10 = is the amount the business (Apple) will be willing to make and supply. Apply the supply and demand principle to real life examples. Have your students practice drawing their Demand and Supply Graphs by analyzing one of the (5) shifter rules for Demand and Supply. Identify the three concepts that explain why demand is downward sloping. Create a demand graph using the following table of values: PRICE QUANTITY 10 500 20 450 30 400 40 350 50 300 60 250 70 200 2. Supply and Demand Infographic Supplemental Activity . Graph each the following demand/supply schedules on one demand graph and then answer the questions below: Price Per Compact Disc. Supply shifter: change in technology N: Congress Passes new “Sugar tax” Sugar the supply curve shifts to the left, or decreases. 5. Go over worksheet. Cars the supply curve shifts to the right, or increases. Quiz Market_Demand_Supply.pdf. 2. The . (Do Supply Icebreaker. Examine the graphs below. Market equilibrium Demand and supply shifts and equilibrium prices The Demand Curve 2 The demand curve… Graphically shows how much of a good consumers are Basic Market Changes in Supply and Demand or Quantity Supplied and Demanded (Assume Ceteris Paribus.) 6. 2. Describe the equilibrium shifts when demand or supply increases or decreases. Why is supply upward sloping? Below is a supply curve schedule for Ipads and supply curve graph. Define Supply and the Law of Supply. (Watch out for Complementary Goods/Substitute Goods.) 3. Supply Schedule for Ipads Price for one Ipad. 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graphing supply and demand worksheet answers

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