Supply and Demand

EQ -  How do supply and demand impact pricing strategies for entrepreneurs?

1.  Activator - Ice Cream Survey
1. Free
2. $0.50
3. $1.00
4. $1.50
5. $2.00
6. $2.50
7. $3.00
2. TPS - Review of the S & D curves
1. Demand 
2. Supply
3. Equilibrium
3. Together - Charting Supply and Demand of Ice Cream
4. On Your Own - Donuts
5. Introduction to Surplus vs. Deficit
6. Together - Surplus or Deficit: Ice Cream
7. On Your Own - Donuts
8. Partnership Activity: Lemonade Stand
1. Discussion
1. How does this activity demonstrate the laws of supply and demand?
2. What decisions were made using the laws of supply and demand?
3. Describe how you might change your results.
4. Did you experience a surplus or deficit during the Lemonade Stand activity?  Explain.
5. How did you try to return to equilibrium?
9.  Muddy Points