Introductory Economics Labs

Lab 1: Supply and Demand

This lab covers supply and demand analysis, including movement along versus shifts in demand and supply, equilibrium, and the effects on equilibrium price and quantity given a shock. It also gets hamburger price data from the BLS.

Click the links below to download and open the Word (doc) file and Excel (xls) workbook to begin.

SupplyDemand.doc

SupplyDemand.xls