I.  Bellwork: Page 126 Analyzing the Impact 1-2 Q&A What year did ethanol production decrease? –See Graph II. Objective Examine how changes in labor result in changes in output. – Theory of Production III. Online Quiz– iLearn Section 5-1– Up until 6:00 pm Today IV.  Supply Curve Quiz V.  Classwork A. 5-2 Guided Reading  

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: 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. Create and identify circumstances which lead to a change in quantity […]

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. Based upon the test determine if demand is elastic or inelastic […]

I.  Bellwork Q&A A.  Describe a time when you purchased an item and the price was not a factor. Why wasn’t price an important factor in your decision? B.  Describe a time when you wanted to purchase an item, but instead purchased the substitute for that item.  What factor(s) influenced your decision? II. Objectives: Examine […]

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: Economic Analysis Page 98 & 99 Q&A   II.  Objective: Identify and provide examples of the factors which cause a change in quantity demand and a change in demand Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem. III. […]