Class began with a mini-lecture on the relationship between supply, demand, and cost.
Included in this lecture are were these general observations:
high supply = low cost
high demand = high cost
low cost = high demand
high cost = low demand or increased supply
decrease supply = higher cost
The class found examples of this in the real world and began to explore how need for labor and supplies of cheap land can effect immigration.
Next the class reviewed the following rubric and graphic organizers
Included in this lecture are were these general observations:
high supply = low cost
high demand = high cost
low cost = high demand
high cost = low demand or increased supply
decrease supply = higher cost
The class found examples of this in the real world and began to explore how need for labor and supplies of cheap land can effect immigration.
Next the class reviewed the following rubric and graphic organizers
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