{"id":16373,"date":"2018-11-06T21:48:01","date_gmt":"2018-11-07T02:48:01","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16373"},"modified":"2018-11-06T22:32:30","modified_gmt":"2018-11-07T03:32:30","slug":"economics-11-07-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/11\/06\/economics-11-07-18\/","title":{"rendered":"Economics &#8211; 11\/07\/18"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">I\u00a0\u00a0<\/span><b>Bellwork Questions &amp; Answers: \u00a0<\/b><span style=\"font-weight: 400;\">Starting point of D &amp; S<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/01\/BW-1-24-11-300x264.jpg\" alt=\"BW 1-24-11\" \/><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the current equilibrium <\/span><b>price<\/b><span style=\"font-weight: 400;\">? Where S &amp; D intersect.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the new price if demand remains constant and supply increases to S<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What would be the new price if demand decreases to D1 and Supply increases to S<\/span><span style=\"font-weight: 400;\">2<\/span><span style=\"font-weight: 400;\">?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What would be the price if demand remains constant D and Supply increases to S<\/span><span style=\"font-weight: 400;\">1<\/span><span style=\"font-weight: 400;\">?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What could cause an increase in the supply of gold?<\/span><\/li>\n<\/ol>\n<p><b>II\u00a0 Objective<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve a problem<\/span><\/li>\n<\/ul>\n<p><b>III. \u00a0Discuss<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Section 6-1 &amp; 6-2\u00a0<\/span><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2011\/04\/Review-Worksheet.pdf\"><span style=\"font-weight: 400;\">Review Worksheet<\/span><\/a><\/li>\n<\/ul>\n<p><b>IV. Classwork\/Homework<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 A;\u00a0 \u00a0Read the article:<\/span><a href=\"https:\/\/livingeconomics.org\/article.asp?docId=91\"><span style=\"font-weight: 400;\">Cheap Pearls<\/span><\/a><span style=\"font-weight: 400;\"> \u00a0<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Summarize the article (4-5 sentences)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create an economic model (Graph) demonstrating what is happening.<\/span><\/li>\n<\/ol>\n<p><strong>V.\u00a0 Quiz<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>A.\u00a0 Graph in class<\/strong><\/p>\n<p style=\"padding-left: 30px;\"><strong>B.\u00a0 iLearn Quiz\u00a0 at home<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u00a0\u00a0Bellwork Questions &amp; Answers: \u00a0Starting point of D &amp; S &nbsp; What is the current equilibrium price? Where S &amp; D intersect. What is the new price if demand remains constant and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be [&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-16373","post","type-post","status-publish","format-standard","hentry","category-economics-f2018"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16373","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=16373"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16373\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}