I. Bellwork Q&A List and Explain in detail  2 examples why the supply curve would shift to the right. List and Explain in detail 2 examples why the supply curve would shift to the left. II. Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. Create and […]

I.  Bellwork: Illustrate a change in quantity supplied and explain what causes it Economic Analysis Page 118, 119 & 120 Q&A II. Objective Express supply graphically and analyze how the Law of Supply is represented on the supply curve. Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. […]

I. Bellwork Q&A A.  Pg 117 – Companies in the News 1.  What created a shortage of the flu vaccine? 2.  How did the market respond to the shortage? 3.  What is the current availability of the vaccine? II. Objective Define Supply; identify changes in quantity supplied and factors that cause a change in supply. […]

I.  Bellwork Marco’s subs sells 400 sub sandwiches a week at a price of $5.00 each.  Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week. Determine Marco’s Total Revenue before and after the price change. Use the revenue/expenditure test to determine if demand is elastic or […]

I.  Bellwork: Page 112  #25 Page 113  #26 II. Objectives: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors. Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response III. Chapter 4 Review Sheet due […]

I.  Bellwork Q&A: List the 3 determinants of demand elasticity. Provide 2 examples of an inelastic product/service. (Be specific) II.  Objective: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. Integrate and evaluate multiple sources of information presented in diverse formats in order to determine demand elasticity […]

 I. Bellwork: Q&A   What is the movement shown in this graph called? List and explain 3 factors that could result in the movement shown in the graph. II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate and evaluate multiple sources of information presented in diverse formats […]

I. Bellwork: A.  Page 97 – Companies in the News Q&A What are some of the changes McDonald’s has made noted in the excerpt?? How do you believe the changes have impacted their business? What else do you believe McDonald’s can do to increase demand? Explain. II.  Objective: Identify and provide examples of the factors […]

I.  Bellwork A.  Chp 4 Primary and Secondary Sources  Q&A 1-5 II.  SWBAT: Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence by reading and discuss primary source documents Explain the difference between a change in demand and a change in quantity demand constructing a brace map Identify […]

I. Bellwork: Q&A Economic Analysis Pages 92 & 94 Q&A II. Objective: Construct and interpret Demand Schedules and Demand Curves Provide a conclusion that follows from and reflects on what is experienced, observed, or resolved. III.  Discussion/Notebook Work:  Constructing Demand Curves A.  Demand Schedule and Curve B.  Market Demand Curve – Figure 4.2 IV.  Classwork […]