I.  Bellwork Q&A Economics Analysis Pages 157, 158, and 159 (Hint find equilibrium) II.  Objective Review and discuss principles and concepts as they relate to the determination of price. Analyze and provide examples of the practice of price controls. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence […]

I. Bellwork A.) Your store is constantly selling out of a certain cologne. Explain what can you conclude about the cologne’s current price in regards to equilibrium? Explain what should you do? B.) The cost of attending college is becoming increasingly expensive and more difficult for many students to afford. Explain the positive outcomes would […]

I.  Bellwork Q&A From a starting point of D & S What is the current equilibrium price? Where does S &D intersect. What is the new price if demand remains constant and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be the […]

I.  Bellwork Copy the schedule, identify and label the amount of shortage or surplus           Price Quantity Demanded Quantity Supplied Shortage/Surplus $1.00 500 100   $2.00 350 200   $3.00 250 250   $4.00 150 400   $5.00 50 500   II.  Objective Analyze how prices change through the interaction of buyers and sellers in a […]

I.  Bellwork  – Q&A Who do you believe is impacted the most by rationing, suppliers or consumers? Support your claim. Present and support what someone may claim in the counter argument. II.  Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, […]

I.  Bellwork Imagine the government has put a limit of the amount of gasoline a person could purchase each week. (Questions & Answers) How would demand be impacted? Explain How would supply be impacted? Explain What would happen to price and quantity? Explain What problems would result from this policy? Explain II.  Objective Analyze how […]

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I.  Bellwork: Do you believe markets (suppliers and consumers) should be free from government interference? Explain your stance. II.  Objective: Identify the impact resulting from changes in Demand and Supply on equilibrium price and quantity Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.  III. Classwork A.  Is […]

I.  Bellwork Page 141- #34 Draw diagrams & answer Page 141- #37  Answer only II. Objective Explain the law of supply and analyze changes in supply as well as changes in quantity supplied. Analyze the production function and other decision making models which allow businesses to maximize profits. Evaluate various explanations for actions or events […]

I.  Bellwork: Questions and Answers – Question #3 is the last sentence at the end. Bellwork Economics Skills Lab Supply II.  Objectives: Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, Review and discuss changes in quantity supply, supply, the production function and use marginal analysis to make […]