1. UNIT 2 IMPACT STATEMENT
This saying will be used for 4 different definitions. All you will have to do is fill in the blanks!!
THE AMOUNT OF A GOOD OR SERVICE THAT ___1____ ARE WILLING TO ____2_____AT _____3______ PRICE(S)
1)CONSUMERS OR PRODUCERS
2) BUY OR PRODUCE
3) EACH SPECIFIC (PRICE) OR VARIOUS(PRICES)

2. AND THAT IS IMPORTANT BECAUSE????
You will have to be able to identify each of those 4 definitions on a graph.
It could be a DIVING LINE, A SOARING LINE, OR JUST A DOT
OR THIS
Like this
OR THIS

3. Consumers or Producers?
Consumers will determine
A LINE
AND
PRODUCERS WILL DETERMINE
SUPPLY
AND QUANTITY SUPPLIED
DEMAND
PRICE
QUANTITY
QUANTITY DEMANDED

4. AND EVENTUALLY LIKE THIS
PUT BOTH CONCEPTS ONTO ONE GRAPH
AND HOW DO YOU GET THESE LINES??????

5. USE A DEMAND SCHEDULE TO GET A DEMAND CURVE
Price per apple
Quantity Demanded $4
20,000 $3
40,000 $2
60,000 $1
80,000 QD QD
PRICE IN $ QD QD D1

6. USE A SUPPLY SCHEDULE TO GET SUPPLY
USE THIS SUPPLY SCHEDULE
TO GET A SUPPLY CURVE
PRICE
QUANTITY SUPPLIED $4
80,000 $3
60,000 $2
40,000 $1
20,000

7. SUPPLY AND DEMAND SCHEDULE
Price per apple
Quantity Demanded
QUANTITY SUPPLIED $4
20,000
80,000 $3
40,000
60,000 $2 $1
AND THIS IS THE RESULT S1 D1