{"id":17693,"date":"2019-10-04T01:54:05","date_gmt":"2019-10-04T05:54:05","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17693"},"modified":"2019-10-04T01:54:08","modified_gmt":"2019-10-04T05:54:08","slug":"economics-10-04-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/10\/04\/economics-10-04-19\/","title":{"rendered":"Economics &#8211; 10\/04\/19"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>I.  Bellwork<\/p>\n\n\n\n<p>A.  Construct and explain an inelastic demand curve<\/p>\n\n\n\n<p>B.  Construct and explain an elastic demand curve<\/p>\n\n\n\n<p>II.  Objectives<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Analyze, interpret and construct economic models to determine demand elasticity<\/li><li>Integrate and evaluate &nbsp;information presented in order to determine demand elasticity from utilization of demand elasticity tests.<\/li><\/ul>\n\n\n\n<p><strong>III. &nbsp;&nbsp;Discussion &nbsp;Pages 458-464<\/strong><\/p>\n\n\n\n<p><strong>A&nbsp; Demand Elasticity &amp; Inelasticity \u2013&nbsp;<\/strong><a href=\"https:\/\/www.youtube.com\/watch?v=4oj_lnj6pXA&amp;list=PL336C870BEAD3B58B&amp;index=17\"><strong>Elasticity of Demand<\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.mackinac.org\/article.aspx?ID=1247\"><strong>Elasticity Examples<\/strong><\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/www.economicshelp.org\/blog\/7019\/economics\/examples-of-elasticity\/\"><strong>Another list<\/strong><\/a><\/li><\/ul>\n\n\n\n<p>B<strong>.&nbsp; Calculating Price Elasticity of Demand<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>%Change in Qd \/ %Change in P<\/li><li>Midpoint Method:<\/li><\/ul>\n\n\n\n<p>C Practice<\/p>\n\n\n\n<p>1.  On iLearn Worksheet 46.4: Elasticity of Demand Calculation<\/p>\n\n\n\n<p>2. Practice: The price of college tuition increased from $20,000 to $22,000 per year. Enrollment by first year students declined from 500 to 400.<\/p>\n\n\n\n<p>C.&nbsp;<a href=\"https:\/\/youtu.be\/cdaptiQ8au4?t=690\">Total Revenue Method<\/a><\/p>\n\n\n\n<p>D. Determinants<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Substitutes<\/li><li>Proportion of Income<\/li><li>Luxury or necessity<\/li><li>Addictive<\/li><li>Time<\/li><\/ul>\n\n\n\n<p>IV.\u00a0 Classwork:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Page 103 Vocabulary (7)<\/li><li>Page 109&nbsp; 2-4 Q&amp;A<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I. Bellwork A. Construct and explain an inelastic demand curve B. Construct and explain an elastic demand curve II. Objectives Analyze, interpret and construct economic models to determine demand elasticity Integrate and evaluate &nbsp;information presented in order to determine demand elasticity from utilization of demand elasticity tests. III. &nbsp;&nbsp;Discussion &nbsp;Pages 458-464 A&nbsp; Demand Elasticity &amp; [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-17693","post","type-post","status-publish","format-standard","hentry","category-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17693","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=17693"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17693\/revisions"}],"predecessor-version":[{"id":17694,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17693\/revisions\/17694"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}