• Setting the equilibrium price for a doughnut.
    • Excess demand at a high price so price has to be lowered to get the market into supply & demand into balance.
  • Reviewed & collected word search and demand/supply practice assignment that was given on Wednesday.
  • Discussed Chapter 6 and showed examples and application of situations from real life.
    • Eastern Market & Marshalls examples
    • Showed how real-life examples are applied with supply & demand curves