Economics – 2/25/11
I. Bellwork
- Economic Analysis Page 92 & 94 Q&A Interpreting Demand Graph
II. Objective:
- Determine what creates demand and what factors cause demand to change
A. Economics USA Video – Demand Marginal Utility
- What happened to California in 1975?
- What were the residents of Marin County forced to do?
- Why did Marin County have this problem?
- List some sacrifices the residents made.
- What did some farmers and landowners do?
- How did the lack of water affect the marginal utility of water?
- How did more water affect the marginal utility of water?
B. Constructing Demand Curves
V. Quiz on Monday – Plotting a Demand Curve
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