Economics – 5/30/17
I. Bellwork
- Page 141- #37a, b, c Answers only
II. Objectives
- Review and discuss changes in quantity supply, supply, the production function and use marginal analysis to make economic decisions.
- Analyze and make inferences related to supply based upon the information provided in the article
III. Chapter 5 Test Tomorrow
IV. Classwork
A. Economics Skills Lab Supply Questions & Answers
- Identify the natural resource that is the focus of the article.
- What is impacting the supply of this resource?
- Based upon your previous answer, what determinant of supply would this be classified as?
- Construct a supply graph to illustrate this change in supply and explain what is happening
V. Kahoot Review
VI. Exit Ticket Q&A
- Explain the concepts in Chapter 5 you know?
- Explain those concepts in Chapter 5 you need to review?
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