Unit 2: markets, supply, and demand
Key Vocabulary:
microeconomics, market, demand, supply, price, quantity, substitute, complement, consumer, producer, equilibrium, land, labor, capital, entrepreneurship
microeconomics, market, demand, supply, price, quantity, substitute, complement, consumer, producer, equilibrium, land, labor, capital, entrepreneurship
Here is a description of the laws of demand and supply: http://www.investopedia.com/university/economics/economics3.asp
Check out this video explaining how prices are determined: http://dirkmateer.com/media/Lecture+Clips/what-s-your-price
Demand shifters activity:
http://www.econedlink.org/lessons/index.php?lid=550&
http://www.econedlink.org/lessons/index.php?lid=550&
Factors of Production
Reading
Reading
Interesting Articles:
California Endangered Species: Plastic Bags
California Farm Drought Crisis Deepens
California Endangered Species: Plastic Bags
California Farm Drought Crisis Deepens