I.  Bellwork: A.  Illustrate each of the following by constructing a simple supply graph: an increase in quantity supplied a decrease in supply an increase in supply a decrease in quantity supplied II.  Objective Identify how changes in labor result in changes in output. – Theory of Production provide an accurate summary that makes clear […]

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 Q&A A.  Pg 117 – Companies in the News What created a shortage of the flu vaccine? How did the market respond to the shortage?  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. Determine the meaning […]

I.  Bellwork: Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Apply understanding and application of concepts and principles pertaining to demand. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence III.  Folder Maintenance Attach Your Chapter 4 Materials to Your […]

I.  Bellwork Page 113 #26 (Draw the graphs & place arrows demonstrating what will happen to each) II.  Objective: Review and discuss concepts and principles relating to demand. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III. Classwork Page 109 #5-8 IV.  Chapter 4 Learning-Targets-Template V.  Test Tomorrow […]

I.  Bellwork Q&A: List the 3 determinants of demand elasticity. Draw and label: An inelastic demand curve An elastic demand curve 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 […]

I.  Bellwork There are some products/items people may continue to purchase regardless of the increase in price. List two of the products and explain why this may occur for each product. II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate and evaluate multiple sources of information presented […]

10/13 – 1st and 2nd hour only – other hours finish 10/10/14 Agenda I.  Bellwork Draw a demand curve and use arrows to represent A decrease in demand A increase in quantity demand A decrease in quantity demand II.  Objective Identify factors that influence the size of a change in the quantity demanded (elasticity) Integrate […]

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 in […]

I.  Bellwork: Q&A Page 97 – Companies in the News What are some of the changes McDonald’s has made ? 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 Explain the difference between a change in demand and a change […]