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Unit 2: Supply, Demand, and Consumer Choice 1. Length: 3 Weeks Chapters: 3, 20, and 21 Activity: Pearl Exchange Assignment: PS #2 2
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Unit 2: Supply, Demand, and Consumer Choice. DEMAND DEFINED What is Demand? Demand is the different quantities of goods that consumers are willing and
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Economy & Finance
Unit 2 review_session
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Demand- the desire to own something AND the ability to pay for it. The Law of Demand PRICE GOES UP DEMAND GOES DOWN AND…. As price goes down, you
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4.2. Occasionally something happens to change people’s willingness and ability to buy. These changes are usually of two types: quantity demanded
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Unit 2: Supply, Demand, and Consumer Choice
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Unit 1 Basic Economic Problems. Our wants are UNLIMITED but resources are LIMITED……… So there is SCARCITY Hence we have to make CHOICES
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Shifts of the Demand Curve
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