Economics – 9/27/19
I. Bellwork Question & Answer 1-3
II. Objective
- Construct economic models to explain the difference between a change in demand and a change in quantity demand
- Identify and examine factors that cause a change in demand
- Determine the meaning of words and phrases as they are used in economics discipline
III. Discuss: 4-2 Factors Affecting Demand pages 97-101
IV. Notebook Work: (This is on your next iLearn Quiz)
- Change in Quantity Demand & Change in Demand (illustration & discussion)
- Change in Quantity Demand: Substitution Effect, Income Effect, and Diminishing Marginal Utility
V. Demand Curve Quiz
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