Economics – 11/29/2016
I. Bellwork::
II. Objectives:
- Analyze and provide examples of how price controls are practiced and their impact.
- Identify the impact resulting from changes in Demand and Supply on equilibrium Price and Quantity
- Integrate and evaluate various graphic models in order to address a question or solve a problem.
III. Classwork
A. Supreme Court Rejects Rent Control Challenge
- Explain the reasoning used by those against rent control.
- Explain the reasoning used by those supporting rent control.
- What factors did the Supreme Court take into consideration and what was the basis for their decision? Do you agree? Explain.
B. Interpreting graphs
- Economics Analysis p. 157
- Economics Analysis p. 158
- Economics Analysis p. 159 (Hint find equilibrium)
C. Page 161 #2-5 Q&A
IV. Review & Discuss Chapter 6 Concepts
- Chapter 6 Review Sheet due tomorrow
V. Chapter 6 Test Thursday
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