Economics – 6/10/13

I.  Bellwork:  Q&A

Final Review 1

  1. Which curve is more inelastic?
  2. What would cause a movement from point a to point b?
  3. What is the movement from point b to point b1 called?
  4. Explain the paradox of value

 

II.  Objective:

  • Review and discuss economic principles and concepts in preparation for the final exam

III.  Return Your Text Books – No book = 20 point deduction on final

IV.  Retake for Chapter 16 iLearn Test – Today 3:30-closes 5:30 on iLearn

V.  Final Exam Review Sheet

  1. Application Final PracticeExplain what would occur at a price of $5.00.
  2. Explain what would happen at a price of $2.00.


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