Economics – 10/19/2016

I.  Bellwork

  • Page 113 #26 (Draw the graphs & place arrows demonstrating what will happen to each)

II.  Objectives:

  • Through analysis of textbook and video information students will construct thinking maps which identify factors that influence demand elasticity.
  • Review and discuss concepts and principles relating to demand.
  • Integrate and evaluate  information presented in order to determine demand elasticity or inelasticity.

III.   Discussion

IV.  Notebook Work

A.  Draw and label:

  • An inelastic demand curve
  • An elastic demand curve

B.  Elasticity Test – Flow Map

C.  Total Revenue Test – Brace Map

V.  4.1 & 4.2 Quiz on iLearn


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