Economics – 3/19/13
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.
- Integrate and evaluate multiple sources of information presented in diverse formats and media) in order to determine demand elasticity or inelasticity.
III. Discussion
IV. Notebook Graphs (2)
- Change in Quantity Demand
- Change in demand – Shift to right (increase)
- Various factors-examples
- Change in Demand – Shift to left (decrease)
- Various factors-examples
V. Classwork:
- Page 109 5-8 Q&A
VI. Chapter 4 Exam Tomorrow
- Chapter-4-Review– Due tomorrow for Summative points
- Review materials on iLearn
Leave a Reply