7th – Supply and Demand curves

We stepped up our supply and demand curve game with some additional bits of information.  We know how a shift occurs ON the curve (so if price goes up or down, we know exactly what happens to the quantity demanded and supplied).  We are now focusing on understanding what happens to the curve itself (meaning, what shift occurs in the entire curve).  Today, we did our warm-up for the examples attached here.

Feel free to give them a try or to check out what advanced economics your child is learning (or better yet, give them some examples and ask what will happen to the supply and demand of something).

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