I.  Bellwork Marco’s subs sells 400 sub sandwiches a week at a price of $5.00 each.  Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week. Determine Marco’s Total Revenue before and after the price change. Based upon the test determine if demand is elastic or inelastic […]

I.  Bellwork Q&A A.  Describe a time when you purchased an item and the price was not a factor. Why wasn’t price an important factor in your decision? B.  Describe a time when you wanted to purchase an item, but instead purchased the substitute for that item.  What factor(s) influenced your decision? II. Objectives: Examine […]

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 […]

I. Bellwork: Q&A   What is the movement shown in this graph called? List and explain 3 factors that could result in the movement shown in the graph. II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate and evaluate multiple sources of information presented in diverse formats […]

I. Bellwork: Economic Analysis Page 98 & 99 Q&A   II.  Objective: Identify and provide examples of the factors which cause a change in quantity demand and a change in demand Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem. III. […]

I. Bellwork: Q&A A.  Page 97 – Companies in the News What are some of the changes McDonald’s has made noted in the excerpt?? How do you believe the changes have impacted their business? What else do you believe McDonald’s can do to increase demand? Explain. II. Objective: Explain the difference between a change in […]

I.  Bellwork Write a paragraph (4-6 sentences) about a product or service you tried to purchase that was difficult to obtain due to high demand.  Explain why demand for the product or service was so high and how you were able or unable to get the product or service II.  Objective: Construct and interpret Demand […]

I. Bellwork: Q&A Economic Analysis Pages 92 & 94 Q&A II. Objective: Construct and interpret Demand Schedules and Demand Curves Provide a conclusion that follows from and reflects on what is experienced, observed, or resolved over the course of the narrative. III.  Notebook Work:  Constructing Demand Curves https://www.slideshare.net/lntrullin/demand-curve-practice-worksheet# Hands On Activities 2 Demand Curve IV.   […]

I.  Bellwork: Analyzing the Issue 1-2 Q&A Page 59 II.  Objective: Determine what creates demand, what factors influence demand, and how economic models are used to represent demand. Determine the meaning of words and phrases as they are used in a text III.  Government Shut Down Explanation IV.  Discussion & Notes –  Demand Pages 91-95 […]