{"id":11826,"date":"2015-11-17T19:22:20","date_gmt":"2015-11-18T00:22:20","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=11826"},"modified":"2016-01-21T22:31:50","modified_gmt":"2016-01-22T03:31:50","slug":"economics-11182015","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2015\/11\/17\/economics-11182015\/","title":{"rendered":"Economics &#8211; 11\/18\/2015"},"content":{"rendered":"<p>I.\u00a0\u00a0 <strong>Bellwork Q&amp;A: \u00a0<\/strong>From a starting point of D &amp; S<\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4996 alignleft\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11-300x264.jpg\" alt=\"BW 1-24-11\" width=\"373\" height=\"330\" srcset=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11-300x264.jpg 300w, https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11.jpg 570w\" sizes=\"auto, (max-width: 373px) 100vw, 373px\" \/><\/a><\/p>\n<ol>\n<li>What is the current equilibrium price? Where does S &amp;D intersect.<\/li>\n<li>What is the new price if demand remains constant\u00a0and supply increases to S<sup>2<\/sup>?<\/li>\n<li>What would be the new price if demand decreases to D1 and Supply increases to S<sup>2<\/sup>?<\/li>\n<li>What would be the price if demand remains constant D and Supply increases to S<sup>1<\/sup>?<\/li>\n<li>What could cause an increase in the supply of gold?<\/li>\n<\/ol>\n<p><strong> II. \u00a0 Objective<\/strong><\/p>\n<ul>\n<li>Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.<\/li>\n<li>Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Discuss<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/bcove.me\/hmyckxl0\">Economic Low Down \u2013 Equilibrium<\/a><\/li>\n<li><a href=\"https:\/\/www.reffonomics.com\/TRB\/chapter4\/sd12.swf\">Changes in Demand &amp; Supply Graph<\/a><\/li>\n<\/ul>\n<ul>\n<li>Section 6-1 &amp; 6-2<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/04\/Review-Worksheet.pdf\">Review Worksheet<\/a><\/li>\n<\/ul>\n<p><strong>\u00a0IV. \u00a0<\/strong> <strong>Classwork<\/strong><\/p>\n<p>A. \u00a0 Read the article:<a href=\"https:\/\/livingeconomics.org\/article.asp?docId=91\">Cheap Pearls<\/a> \u00a0\u00a0<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2015\/11\/Cheap-Pearls.docx\">Cheap Pearls<\/a><\/p>\n<ul>\n<li>Summarize the article (4-5 sentences)<\/li>\n<li>Create an economic model demonstrating what is happening.<\/li>\n<\/ul>\n<p>B.\u00a0 Page148 Vocabulary (6)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0\u00a0 Bellwork Q&amp;A: \u00a0From a starting point of D &amp; S What is the current equilibrium price? Where does S &amp;D intersect. What is the new price if demand remains constant\u00a0and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be the [&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-11826","post","type-post","status-publish","format-standard","hentry","category-economics-f2015"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/11826","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=11826"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/11826\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=11826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=11826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=11826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}