{"id":16102,"date":"2018-10-02T23:05:52","date_gmt":"2018-10-03T03:05:52","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16102"},"modified":"2018-10-02T23:36:35","modified_gmt":"2018-10-03T03:36:35","slug":"ap-economics-10-03-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/10\/02\/ap-economics-10-03-18\/","title":{"rendered":"AP Economics – 10\/03\/18"},"content":{"rendered":"

I.\u00a0 Bellwork (Show Your calculations)<\/strong><\/p>\n

The local pizzeria sells pizza for $12 a pie. Doing so, he has sold 150 pizza pies a week for the past year. He decides to raise his price to $15 and sees the sales of his pizza pies drop to 100 per week.<\/p>\n

    \n
  1. Using the midpoint formula, calculate the elasticity of demand for pizza pies and determine whether it is elastic, inelastic, or unit elastic.<\/li>\n
  2. Using the total revenue test determine the elasticity of demand.<\/li>\n<\/ol>\n

    II.\u00a0 \u00a0Objectives:<\/p>\n

      \n
    • Calculate the price elasticity of demand<\/li>\n
    • Identify and apply the factors that determine price elasticity of demand<\/li>\n
    • Interpret and communicate elasticity and inelasticity by constructing graphs to illustrate how price elasticity changes along a demand curve<\/li>\n<\/ul>\n

      III. \u00a0Discussion\/Classwork<\/p>\n

      A.\u00a0 Review Income & Substitution Effect – Worksheet 46.1:<\/p>\n

      B.\u00a0 Price Effect & Quantity Effect – Read Pages 471-472<\/p>\n

      C.\u00a0 Review Worksheet 47.2: Elasticity Practice<\/p>\n

        \n
      • Utilize the factors that determine elasticity<\/li>\n
      • Construct graphs to determine the impact on price and quantity based on changes to elastic and inelastic demand curves<\/li>\n<\/ul>\n

        IV.\u00a0 \u00a0Elasticity of demand qiuz<\/p>\n","protected":false},"excerpt":{"rendered":"

        I.\u00a0 Bellwork (Show Your calculations) The local pizzeria sells pizza for $12 a pie. Doing so, he has sold 150 pizza pies a week for the past year. He decides to raise his price to $15 and sees the sales of his pizza pies drop to 100 per week. Using the midpoint formula, calculate the […]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16102","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16102","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=16102"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16102\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}