{"id":16199,"date":"2018-10-14T21:39:58","date_gmt":"2018-10-15T01:39:58","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16199"},"modified":"2018-10-14T21:49:41","modified_gmt":"2018-10-15T01:49:41","slug":"economics-10-15-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/10\/14\/economics-10-15-18\/","title":{"rendered":"Economics &#8211; 10\/15\/18"},"content":{"rendered":"<p><b>I\u00a0 Bellwork: \u00a0On Google Classroom<\/b><\/p>\n<p><b>II.\u00a0 Objectives:<\/b><\/p>\n<ul>\n<li><b>Apply the total revenue test to determine demand elasticity<\/b><\/li>\n<li>Utilize the determinants of elasticity to form a judgement on the elasticity of an item<\/li>\n<\/ul>\n<ul>\n<li>Create a claim, evidence, and reasoning \u00a0on elasticity based upon information provided in an article<\/li>\n<\/ul>\n<p><b>III. \u00a0Discussion<\/b><\/p>\n<p><b>A.\u00a0 Total Revenue Test \u2013 Brace Map in Notebook<\/b><\/p>\n<ol>\n<li><b> \u00a0Fareed 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 work.<\/b><\/li>\n<li><b> \u00a0Based upon your answer, what market conditions may exist that would support your findings.<\/b><\/li>\n<\/ol>\n<p><b>B.\u00a0 \u00a0Determinants of Elasticity (List) See Figure 4.6<\/b><\/p>\n<ol>\n<li>\u2013Can the purchase be delayed?<\/li>\n<li>\u2013Are adequate substitutes available?<\/li>\n<li>\u2013Does the purchase use a large portion of income?<\/li>\n<\/ol>\n<p><b>IV.\u00a0 Classwork: \u00a0\u00a0\u00a0Page 109 Q&amp;A\u00a0 2-6<\/b><\/p>\n<p><span style=\"font-weight: 400;\">V.\u00a0\u00a0<a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/03\/Chapter-4-Review1.pdf\">\u00a0Chapter-4-Review<\/a><\/span><span style=\"font-weight: 400;\">\u2013<\/span><\/p>\n<p><b>VI Chapter 4 Test Wednesday<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u00a0 Bellwork: \u00a0On Google Classroom II.\u00a0 Objectives: Apply the total revenue test to determine demand elasticity Utilize the determinants of elasticity to form a judgement on the elasticity of an item Create a claim, evidence, and reasoning \u00a0on elasticity based upon information provided in an article III. \u00a0Discussion A.\u00a0 Total Revenue Test \u2013 Brace Map [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[],"class_list":["post-16199","post","type-post","status-publish","format-standard","hentry","category-economics-f2018"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16199","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=16199"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16199\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}