Economics – 3/21/14
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.
- Use the revenue/expenditure test to determine if demand is elastic or inelastic and explain why.
II. Objective:
- Assess student understanding and application of concepts pertaining to the economic principle of demand.
III. Turn in your Review Sheet
IV. Review Questions
V. Notebook Work
- Page 113 #29 a& b Q&A
VI. Chapter 4 Exam
Leave a Reply