Supply Demand Equilibrium Review

Presentation

•

Social Studies

•

9th - 12th Grade

•

Hard

Joseph Anderson

FREE Resource

11 Slides • 8 Questions

Supply, Demand, Equilibrium

Multiple Choice

Do your best...

The Law of Demand states that as price goes DOWN,

demand goes down

demand stays the same

demand goes up

supply goes up

Multiple Choice

Do your best:

The Law of supply states that as price goes DOWN,

supply does up

supply goes down

demand goes down

supply stays the same

Let's Watch This Clip

https://youtu.be/720uyg0Dd_M

In Summary: Law of Demand

When price goes up, demand goes down.
When price goes down, demand goes down.
Demand is an INVERSE relationship.

In Summary: The Law of Supply

When price goes up, supply goes up
When price goes down, supply goes down
It is a DIRECT relationship, price and supply

Demand Curves

As price goes up, quantity demanded goes up.

Supply Curves

As prices goes up, quantity supplied goes up.

Reasons for a shift in demand.

Besides price, other factors can influence demand
The graphic offers a few examples.

Reasons for a shift in supply.

Factors other than price.

Multiple Choice

If you know there is a sale on sneakers next week, what happens to your demand for sneakers THIS week?

demand increases

demand decreases

Multiple Choice

If sneakers are on the last chance clearance rack, that means that supply of those sneakers has

increased

decreased

Multiple Choice

If sneakers are on the last chance clearance rack, that means that demand of those sneakers has

increased

decreased

Multiple Choice

If you are the maker of embellished jean jackets, and the cost of sequins and fringe goes up, what will happen to your supply?

It will increase

It will decrease

Open Ended

Why did your supply decrease?

Type response here

Multiple Choice

If you love orange cheddar cheese, but the price of white cheddar cheese goes down, what happens to your demand for orange cheddar cheese?

It goes up because when price goes up, demand goes up

It goes down because the price of a substitute good (white cheddar) went down.

It goes up because as price stays the same, demand goes down.

Let's apply these concepts to a real thing.

What questions do you have before we start the documentary?

Supply, Demand, Equilibrium

Show answer

Auto Play

Slide 1 / 19

SLIDE

Similar Resources on Wayground

15 questions

1.A Psychology Timeline

Presentation

•

9th - 12th Grade

14 questions

Module 17

Presentation

•

9th - 12th Grade

14 questions

2 Lesson: BIO.A.2.3 Enzymes

Presentation

•

9th - 12th Grade

17 questions

Sentence Structure Review Activity

Presentation

•

9th - 12th Grade

15 questions

The industrial Revolution Lesson

Presentation

•

9th - 12th Grade

13 questions

Recycling

Presentation

•

9th - 12th Grade

16 questions

Observations and Inferences

Presentation

•

9th - 12th Grade

16 questions

Parts of Speech- Part 2

Presentation

•

9th - 12th Grade

Popular Resources on Wayground

24 questions

PBIS-HGMS Day 10

Quiz

•

6th - 8th Grade

10 questions

HCS SCI 03 Summer School Review 3

Quiz

•

3rd Grade

11 questions

Home Scope

Quiz

•

7th - 8th Grade

15 questions

HCS SCI 05 Summer School Assessment 3 Review

Quiz

•

5th Grade

35 questions

Lufkin Road Middle School Student Handbook & Policies Assessment

Quiz

•

7th Grade

18 questions

Geo 11.3 Area of Circles and Sectors

Quiz

•

9th - 11th Grade

Discover more resources for Social Studies

18 questions

Geo 11.3 Area of Circles and Sectors

Quiz

•

9th - 11th Grade