Economics – 10/11/12
I. Bellwork Q&A:
- List the 3 determinants of demand elasticity.
- Provide 2 examples of an inelastic product/service. (Be specific)
II. Objective:
- Identify and analyze factors that influence demand elasticity.
- Review and discuss concepts and principles relating to demand.
III. Discussion
- Short video on Demand Elasticity
- Elasticity Examples
IV. Classwork:
- Page 109 5-8 Q&A
V. Notebook Graphs
- Change in Quantity Demand
- Change in demand – Shift to right (increase)
- Various factors-examples
- Change in Demand – Shift to left (decrease)
- Various factors-examples
VI. Exam Tomorrow
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