Friday, March 2, 2012

Micro: A brief lesson in supply and demand

Chevrolet's Volt Sales Running Low, GM Idles the Line

(click here for the article)

Below is the information I posted for my AP Micro students on their blog.  (I am thinking about trying to work something in about the shutdown rule and decreasing production with costs curves later in the semester too.)

How does this relate to supply and demand?  We will also maybe use this article a few different ways due to its description of many upcoming economic concepts.