TODAY:  Roses and Thorns,  Quick Write, Last Qiuz"Supply" Continued.

DO NOW: be seated quietly 

- cell phone away or it goes to the office
- get out your notebook

Quick Write:

Brainstorm a list of things that you think determine the price of a good or service.

Homework:  Chapter 6 (Due Wednesday,10/9 for 3rd period /     Thursday, 10/10 for 5th, 7th, and 8th) 

Define and describe an example of the following terms:                 Market Equilibrium, Surplus, Shortage, Transaction Cost,Disequilibrium, Price Floor, Price Ceiling, Consumer Surplus,Adam Smith's "Invisible Hand", Market Exchange           

Page 165: Complete all 6 questions

Page 182: Complete all 7 questions