Unit+3+-+Demand+and+Supply

Unit 3 ~ Demand and Supply


Go through this PowerPoint with your yellow paper - Match up the example with the correct determinant - Describe how it affect supply and how the curve will shift - Why does this happen? - Draw the new curve

[|Coffee Shop] - Game deals with Supply and Demand

[|Lemonade Stand Game]: Game that deals with supply and demand

__**Complete these question after you have played for a while**__: Coffee Shop Game - Paragraph: What supply determinants are used in this game? How do they affect your Coffee shop? What could you use to make your business better and more efficient? (think supply determinants) What were some issues that you saw from the coffee drinkers (demand determinants)?

- Complete Pictures and Explanation for each determinant + Choose one side for each determinant and explain how supply is affected



[|Price Elasticity: From Tires to Toothpicks] http://www.mackinac.org/article.aspx?ID=1247

- Read this article and answer the questions at the bottom.

- Complete the four supply examples for caramel popcorn