{"id":17715,"date":"2019-10-07T23:43:54","date_gmt":"2019-10-08T03:43:54","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17715"},"modified":"2019-10-08T09:24:14","modified_gmt":"2019-10-08T13:24:14","slug":"economics-10-08-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/10\/07\/economics-10-08-19\/","title":{"rendered":"Economics &#8211; 10\/08\/19"},"content":{"rendered":"\n<p><strong>&nbsp;<\/strong>I.  Bellwork:&nbsp; On Google Classroom<\/p>\n\n\n\n<p>II.&nbsp; Objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Apply the total revenue test to determine demand elasticity<\/li><li>Utilize the determinants of elasticity to form a judgement on the elasticity of an item<\/li><li>Create a claim, evidence, and reasoning&nbsp; on elasticity based upon information provided in an article<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Discussion<\/p>\n\n\n\n<p>A.&nbsp; Total Revenue Test \u2013 Brace Map in Notebook<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>&nbsp;Fareed 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.<\/li><li>&nbsp;Based upon your answer, what market conditions may exist that would support your findings.<\/li><\/ol>\n\n\n\n<p>B. &nbsp; Determinants of Elasticity (List) See Figure 4.6<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>\u2013Can the purchase be delayed?<\/li><li>\u2013Are adequate substitutes available?<\/li><li>\u2013Does the purchase use a large portion of income?<\/li><\/ol>\n\n\n\n<p>IV.\u00a0 Classwork:\u00a0 \u00a0 Page 109 Q&amp;A  5-8<\/p>\n\n\n\n<p>V.&nbsp; Chapter 4 Elasticity Quiz on iLearn<\/p>\n\n\n\n<p> VI. <a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/03\/Chapter-4-Review1.pdf\">Chapter-4-Review<\/a>\u2013 <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;I. Bellwork:&nbsp; On Google Classroom II.&nbsp; 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&nbsp; on elasticity based upon information provided in an article III.&nbsp; Discussion A.&nbsp; 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":[94],"tags":[],"class_list":["post-17715","post","type-post","status-publish","format-standard","hentry","category-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17715","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=17715"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17715\/revisions"}],"predecessor-version":[{"id":17721,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17715\/revisions\/17721"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}