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Essential Question: How does the interaction of buyers and sellers create the forces of supply and demand in a competitive market? Warm up: What happens.

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Presentation on theme: "Essential Question: How does the interaction of buyers and sellers create the forces of supply and demand in a competitive market? Warm up: What happens."— Presentation transcript:

1 Essential Question: How does the interaction of buyers and sellers create the forces of supply and demand in a competitive market? Warm up: What happens in supply when price goes down? What type of relationship is shown in a supply curve? Standard: SSEMI2 The student will explain how the Law of Demand, the Law of Supply, prices, and profits work to determine production and distribution in a market economy. a. Define the Law of Supply and the Law of Demand.

2 Go to : List ways that government is involved in your lives. Everyone must post! Post as many things as you can think of. Then start working on your notecards.

3 Ipad rules Ipads must be brought everyday
Ipads are an educational tool, and not for games or social networking. Only access sites or apps that are being used or you are instructed to access. Leaving accepted apps or websites will result in the Ipad being locked. No cell phone. All cell phones go to cell phone jail!


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