{"id":11712,"date":"2015-10-25T20:56:08","date_gmt":"2015-10-26T00:56:08","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=11712"},"modified":"2015-10-25T21:12:18","modified_gmt":"2015-10-26T01:12:18","slug":"economics-10262015","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2015\/10\/25\/economics-10262015\/","title":{"rendered":"Economics &#8211; 10\/26\/2015"},"content":{"rendered":"<p>I.\u00a0 <strong>Bellwork:<\/strong><\/p>\n<p>A.\u00a0 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. <strong>Show your work.<\/strong><\/p>\n<p>B.\u00a0 Based upon your answer, what market conditions may exist that would support your findings.<\/p>\n<p><strong>II.\u00a0 Objectives:<br \/>\n<\/strong><\/p>\n<ul>\n<li>analyze situations distinguishing between a change in quantity demand and a change in demand while identifying the determinants which impact each.<\/li>\n<li>analyze situations applying various elasticity tests to determine the elasticity of demand<\/li>\n<li>Integrate and evaluate multiple sources of information presented in diverse formats and media\u00a0 in order to address a question or solve a problem.<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Classwork<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/10\/Demand-and-Elasticity-Worksheet.pdf\"><strong>Demand and Elasticity Worksheet<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.flashcardmachine.com\/machine\/?read_only=3090302&amp;p=2m4k\"><strong>Demand Curve Flash Cards<\/strong><\/a><\/li>\n<li><strong>Kahoot<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/03\/Chapter-4-Review1.pdf\"><strong>IV.\u00a0 Chapter-4-Review<\/strong><\/a>\u2013 Due Tomorrow &#8211; Extra Credit<\/p>\n<p>V.\u00a0 <strong>Chapter 4 Test Tomorrow Review:<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><a href=\"https:\/\/www.flashcardmachine.com\/machine\/?read_only=3090302&amp;p=2m4k\"><strong>A. Demand Curve Flash Cards<\/strong><\/a><\/p>\n<p style=\"padding-left: 30px;\"><strong>B. Your iLearn Quiz<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>C. Your Notes:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Change-in-Quantity-Demand-Change-in-Demand-1.pdf\">Change in Quantity Demand &amp; Change in Demand-1<\/a><\/li>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Brace-Map-Change-in-Quantity-Demand-1.pdf\">Brace Map Change in Quantity Demand<\/a><\/li>\n<li><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Determinants-of-Demand.pdf\">Determinants of Demand<\/a><\/li>\n<li>Demand Schedule &amp; Demand Curve \u2013 <a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/10\/Figure-4.1.png\">Figure 4.1<\/a> (Notebook)<\/li>\n<li>Elasticity Tests &#8211; 3 Questions &amp; Total Revenue Test<\/li>\n<\/ul>\n<p><strong>IV Exit Ticket<\/strong><\/p>\n<p><span style=\"color: #ffffff;\">What are you confident about going into the test?<\/span><\/p>\n<p><span style=\"color: #ffffff;\">What do you still need to study\/review?<\/span><\/p>\n<p><span style=\"color: #ffffff;\">What do you expect to get on tomorrow&#8217;s test?<\/span><\/p>\n<p><span style=\"color: #ffffff;\">Explain your study plan<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork: A.\u00a0 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 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-11712","post","type-post","status-publish","format-standard","hentry","category-economics-f2015"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/11712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=11712"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/11712\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=11712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=11712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=11712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}