Law Supply
Supply / Demand
Activity:
Supply and Demand Activity
Use the following site to complete the activity:
At the bottom of the page complete the classroom assessment
for supply and demand.
ASSESSMENT ACTIVITY
Now
it’s your turn. Find two articles from among the websites below -- one which
would involve a change in supply and one which would involve a change in
demand.
For
each article, answer the following questions:
1.
Does the article discuss a change in demand or supply? Will demand or supply
increase or decrease?
2.
Use supply and demand curves to illustrate the change.
3.
When this change occurs, what do you expect to happen to the quantity produced?
What do you think will happen to the price?
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