October 10th, 2019
Economics – 10/11/19
I. Bellwork A hot dog vendor sold hot dogs for 2.00 and the quantity sold was 60. The vendor decided to raise the price to 2.50 and sold 40 hot dogs. A. Using the total revenue test determine elasticity. (SHOW YOUR WORK) B. Using the price elasticity of demand formula determine elasticity. (SHOW YOUR WORK) II. […]
AP Economics -10/10/19
I. Bellwork A. Briefly summarize the article below using CER (claim, evidence and reasoning) 3pts https://www.yahoo.com/finance/news/ford-prepares-mass-layoffs-losing-002618564.html B. Explain the tariff’s impact on consumer surplus and producer surplus. 2pts C. Explain how dead weight loss is involved. 1 pt II. Objectives Graph and Calculate the change in consumer surplus, producer surplus, resulting from excise taxes Graph […]