jjohnson@jpsonline.

org

http://mr-johnson.us

What you knew before

What you know now

Demand
Law of Demand!

Supply
Law of Supply

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Why is demand downward sloping when you graph it?! Demand Curve! Price! Price

Why is supply upward sloping when you graph it?

Supply Curve! Price! Price

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Quantity!

Quantity

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Quantity!

Quantity

What Changes Demand? (Shifters)! 1.!

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What Changes Supply? (Shifters)! 1.!

2.! 3.! 4.! 5.! 6. What happens to the demand curve when price is the only thing that is changed?!

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2.! 3.! 4.! 5.! 6.! What happens to the supply curve when price is the only thing that is changed?

Explain the difference between a change in demand and a change in the quantity demanded.

Explain the difference between a change in supply and a change in the quantity supplied.

Mr. Johnson

page 1 

11/4/13