Economics – 10/10/18
I.. Bellwork: on iLearn
- Draw each graph 1-3. Explain what changes D or Qd. and illustrate the change on the graph.
II. Objectives:
- Identify and analyze factors that influence demand elasticity.
- Review and discuss concepts and principles relating to changes in demand and Qd
- Integrate and evaluate multiple sources of information presented in diverse formats in order to determine demand elasticity or inelasticity.
III. Review Change in D and Change in Qd
IV. Inelasticity
B. Elasticity PPT on iLearn
- Elasticity Formula
- Total Revenue Test – Brace Map
- Questions to Determine Elasticity
V. Classwork:
- Page 103 Vocabulary (7)
- Page 109 2-4 Q&A
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