Archive for April 19, 2012
- 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