I.  Bellwork Q&A List and explain in detail 2 situations which would cause the supply curve would shift to the right. List and explain in detail 2 situations which would cause 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. […]

I.  Bellwork Q&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 of […]

I. Bellwork:  Q&A What do you believe is the most difficult part of starting a new business?  Explain Which is more important having a good product or a good location?  Explain II.   Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors. […]

I.  Bellwork: On a separate sheet of paper write an MLA heading Write Chapter 4 Exam as the assignment title. II.  Objectives: Complete Chapter 4 assessment by applying concepts and principles which focus on distinguishing between a change in quantity demand and a change in demand while identifying the determinants which impact each. Identify situations […]

I.  Bellwork: A.  Fareed sells falafel sandwiches. He charges $4.00 a sandwich and usually sells 100 a day. He recently decided to increase the price of a sandwich to $4.80 and is currently selling 75 sandwiches a day. Use the total revenue test to determine if his falafel sandwiches are elastic or inelastic. Show your […]

I.  Bellwork: Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Identify and analyze factors that influence demand elasticity. Distinguish between a change in quantity demand and demand identifying the situations which impact each. Construct demand curves and provide explanations which support and explain the economic principle being […]

I.  Bellwork Page 113 #26 (Draw the graphs & after reading the directions, place arrows on each graph 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.   Discussion Elasticity of […]

I.  Bellwork Q&A: 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.  Objectives: Identify and analyze factors that influence demand elasticity. Review and discuss concepts and principles relating to demand. Integrate and evaluate multiple […]

I.  Bellwork: Q&A A. Provide an example of a cultural value B. Explain how Folkways and Mores differ II.  Objectives: Analyze the commonalities and variances which exist between and within cultures. Determine the meaning of words and phrases as they are used in a text, including figurative, connotative, and technical meaning Integrate and evaluate multiple […]

I.  Bellwork: Q&A   What is the movement shown in this graph called? List and explain 3 different 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 […]