Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)

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Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day) ECONOMICS: February 13 Warm-up From memory, draw a S and D graph depicting a: (1) surplus; and (2) shortage. Equilibrium, Surplus, and Shortage (begin at 2:50) Learning Target In order to better understand how prices affect the marketplace, I will be able to explain the concept of market equilibrium. I will know I have it when, on a S and D graph, I can show a change in equilibrium P and Q due to changes in S and D. Ch. 6, Lesson 2 Student Lecture Guide (TURN IN) (HO from yesterday) --Shifting Curves Causing a Change in Equilibrium -possible reasons for S & D curve shifts ·do not duplicate reasons ·indicate whether an increase or decrease has occurred (EX: don’t just write “income” but write “increase in income” Assignment Read Ch. 6, Lesson 3 Chapters 4-6 Test is Tue. (Ch. 4-6 Warm-ups due on test day)