Economics – 10/19/2015
I. Bellwork
A. On a graph show what happens to demand when the price increases. Use arrows
B. On a graph show what happens to demand when the price decreases. Use arrows
II. Objectives:
- Differentiate between a change in demand and a change in quantity demand.
- Identify and examine factor that cause a change in demand
- Construct a reference book explaining with examples and graphs the factors causing a change in quantity demand.
III. Notebook Work:
- Change in Quantity Demand & Change in Demand (illustration & discussion)
IV. Discussion
What causes a change in demand?
- Tree Map: Determinants of Demand (Copy and Complete) Determinants of Demand
V. Classwork
A. Layer Book: Determinants of Demand
- Description, Examples and corresponding graphs for each determinant
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