Objectives: Economics 9.0 - The Market Economy - Students will understand how scarcity and incentives affect choices, how markets work, why markets form, how supply and demand interact to determine the market price, and how changes in prices act as economic signals to coordinate trade.
Questions of the Day
Define supply and demand.
What factors can change supply?
What factors can change demand?
Lesson Click on the images to learn more about Supply, Demand, and Opportunity. Be sure to take notes.
Use your vocabulary and video notes to answer the assessment questions.