Economics – 10/10/13
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 in order to determine demand elasticity or inelasticity.
III. Discussion
IV. Notebook Graphs (2)
- Elasticity-Flow Map
- Total Revenue Test – Brace Map
V. Classwork:
- Page 109 5-8 Q&A
VI. Chapter-4-Review– Due next week Friday for Summative points
- Review materials on iLearn
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